HEIR JORDAN CORPORATION Income Statement Sales Costs $45,300 35,100 Taxable income Taxes (25%) $10,200 2,550 Net income $ 7,650 Dividends Addition to retained $1,900 5,750 earnings The projected sales growth rate is 19 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all answers as positive values. Do not round intermediate calculations.) HEIR JORDAN CORPORATION Pro Forma Income Statement Sales Costs Taxable income Taxes Net income What is the projected addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings