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Consider the following statement of comprehensive Income for the Dartmoor Corporation: DARTHOOR CORPORATION Statement of Comprehensive Incone Sales $47,000 Conta 31,300 Taxable income $15, 700
Consider the following statement of comprehensive Income for the Dartmoor Corporation: DARTHOOR CORPORATION Statement of Comprehensive Incone Sales $47,000 Conta 31,300 Taxable income $15, 700 Taxes (355) Not income 5,495 $10,205 Dividends Addition to retained earnings $2,500 7,705 A 20% growth rate in sales is projected. Prepare a pro forma statement of comprehensive income assuming costs vary with sales and the dividend payout ratio is constant. (Do not round intermediate calculations. Input all amounts as positive values. Omit $ sign in your response.) DARTHOOR CORPORATION Pro Forms Statement of Comprehensive Income Sales Taxable incom Not incom What is the projected addition to retained earnings? (Omit $ sign in your response.) Retained earnings
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