DARTMOOR CORPORATION Statement of Comprehensive Income Sales Costs Taxable income Taxes (34%) Net income Dividends $2,500 Addition to retained earnings 7,705 $47,000 31,300 $15,700 5,338 $10,362 The statement of financial position for the Dartmoor Corporation follows Assets Current assets Cash Accounts receivable Inventory Total DARTMOOR CORPORATION Statement of Financial Position Liabilities and Owners' Equity Current liabilities $ 2,950 Accounts payable 4,100 Notes payable 6,400 Total $13,450 Long-term debt Owners' equity Common stock and paid in surplus $41,300 Retained earnings Total $54,750 Total liabilities and ownerst equity $ 2,400 5,400 $ 7,800 $28,000 Fixed assets Net plant and equipment $15,000 3,950 $18.950 $54,750 Total assets Prepare a pro forma statement of financial position, assuming a 15% increase in sales, no new external debt or equity financing, and a w o O here to search DARTMOOR CORPORATION Statement of Comprehensive Income Sales Costs Taxable income Taxes (34%) Net income Dividends $2,500 Addition to retained earnings 7,705 $47,000 31,300 $15,700 5,338 $10,362 The statement of financial position for the Dartmoor Corporation follows Assets Current assets Cash Accounts receivable Inventory Total DARTMOOR CORPORATION Statement of Financial Position Liabilities and Owners' Equity Current liabilities $ 2,950 Accounts payable 4,100 Notes payable 6,400 Total $13,450 Long-term debt Owners' equity Common stock and paid in surplus $41,300 Retained earnings Total $54,750 Total liabilities and ownerst equity $ 2,400 5,400 $ 7,800 $28,000 Fixed assets Net plant and equipment $15,000 3,950 $18.950 $54,750 Total assets Prepare a pro forma statement of financial position, assuming a 15% increase in sales, no new external debt or equity financing, and a w o O here to search