HEIR JORDAN CORPORATION Income Statement Sales $43,500 Costs 34,100 Taxable income Taxes (24%) $ 9,400 2,256 Net income $ 7,144 DOK Dividends Addition to retained earnings $ 2,515 4,629 The balance sheet for the Jordan Corporation follows. rences HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 2,550 Accounts payable $ 2,400 Accounts receivable 3,800 Notes payable 5,100 Inventory 9,000 Total $ 7,500 Total $ 15,350 Long-term debt $24,000 Fixed assets Owners' equity Common stock and paid in surplus Retained earnings $16.000 Net plant and equipment $38,000 5.850 Total $ 21,850 Total assets $53,350 Total liabilities and owners' equity $53,350 Prepare a pro forma balance sheet, assuming an increase in sales of 15 percent, no new external debt or equity financing, and a constant payout ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e... 32.16.) Prepare a pro forma balance sheet, assuming an increase in sales of 15 percent, no new external debt or equity financing, and a constant payout ratio. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Assets Current assets Cash Accounts receivable Inventory Total HEIR JORDAN CORPORATION Pro Forma Balance Sheet Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total tiabilities and owners' oquity Fixed assets Nel plant and equipment Total assets Calculate the EFN. (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) EFN