From the following Income Statement and Balance Sheet prepare a pro forma balance sheet showing EFN, assuming 15% increase in sales, no new external debt or equity financing and a constant payout ratio.

	Heir Jordon Corporation Income Statement
Sales	$46,000.00	Dividends
Costs	$37,600.00	$2,400.00
Taxable Income	$8,400.00	Addition to retain earnings
Taxes (34%)	$2,940.00	$3,060.00
Net Income	$5,460.00
	Heir Jordan Corporation Balance Sheet
	Assets		Liabilities and owners Equity
	$	% of Sales		$	% of Sales
Current Assets			Current liabilities
Cash	2950		Accounts Payable	2400
Accounts receivable	4100		Notes Payable	5400
Inventory	6400		Total	7800
Total	13450		Long Term Debt	28000
Fixed Assets			Owners Equity
Net plant & Equipment	41300		Common stock & paid in surplus	15000
			Retained earnings	3950
			Total	18950
Total assets	54750		Total liabilities & owners equity	54750