Help Save & Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 47,600 Costs 35,600 Taxable income Taxes (25%) $ 12,000 3,000 Net income $ 9,000 Dividends Addition to retained earnings $2,505 6,495 The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 2,050 Accounts payable $ 2,400 Accounts receivable 4,700 Notes payable 4,500 Inventory 6,400 Total $ 6,900 Total $ 13,150 Long-term debt $25,000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $15,000 $36,000 2.250 Total $ 17,250 Total liabilities and owners! Help Save & Exit Check my Total $ 17,250 Total assets $ 49,150 Total liabilities and owners equity $ 49,150 Prepare a pro forma balance sheet, assuming an increase in sales of 13 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.) Assets Current assets Accounts receivable HEIR JORDAN CORPORATION Pro Forma Balance Sheet Liabilities and Owners' Equity Current abilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid in surplus Retained earnings Inventory Fbond assets Net plant and equipment Total assets Total abilities and owners' equity 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... 32.16.) Ch 4-6) Sarved Help Save & Exit Submit Check my work Prepare a pro forma balance sheet, assuming an increase in sales of 13 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.) HEIR JORDAN CORPORATION Pro Forma Balance Sheet Liabilities and Owners' Equity Current abilities Accounts payable Current assets Accounts receivable Notes payable Total Long-term Owners' equity Common stock and paid in surplus Retained earings Total Total abilities and owners' equity 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.)