Consider the following income statement for the Heir Jordan Corporation:

HEIR JORDAN CORPORATION Income Statement
Sales				$	43,500
Costs					34,100
Taxable income				$	9,400
Taxes (35%)					3,290
Net income				$	6,110
Dividends	$	3,000
Addition to retained earnings		3,110

The projected sales growth rate is 10 percent.

Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all amounts as positive values. Do not round intermediate calculations.)

HEIR JORDAN CORPORATION Pro Forma Income Statement
Sales	$
Costs
Taxable income	$
Taxes
Net income	$

What is the projected addition to retained earnings? (Do not round intermediate calculations.)

Addition to retained earnings

$