HEIR JORDAN CORPORATION Income Statement Sales Costs $42,000 33,000 Taxable income $9,000 2,700 Taxes (30%) $ 6,300 Net income $1,500 4,800 Dividends Addition to retained earnings The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Liabilities and Owners' Equity Assets Current assets Current liabilities Accounts payable Notes payable 3,000 4,200 Cash Accounts receivable 2,400 4,000 $ 6,400 Inventory 6,400 Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 28,000 $ 13,600 Total Fixed assets Net plant and equipment $10,000 4,200 $ 35,000 Total 14,200 $ 48,600 Total liabilities and owners' equity Total assets 48,600 Prepare a pro forma balance sheet, assuming a 10 percent increase in sales, 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.) HEIR JORDAN CORPORATION Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Current assets Cash 42000 48300 Accounts receivable 33000 37950 Inventory 9000 Total 10350 Total S 2700 Long-term debt Owners' equity Common stock and paid-in surplus 3105 Fixed assets 6300 Retained earnings Net plant and equipment 7245 1500 Total 1725 Total liabilities and owners' equity Total assets 4800 5520 Calculate the EFN. (Negative amount 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