Information from the financial statements of the Heir Jordan Corporation are shown below. Prepare the pro forma financial statements and calculate EFN, assuming a 15 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. Sales Costs Cash Accounts payable Notes payable Long-term debt Common stock LA LA LA LA LA LA Retained earnings Dividends Net income $ Accounts receivable Inventory Net plant and equipment $ $ $ $ $ LA LA LA LA LA LA LA $ $ $ $ $ $ $ 46,000 37,600 2,950 4,100 6,400 41,300 2,400 5,400 28,000 15,000 3,950 2,880 6,552 Increase in sales Tax rate Complete the following analysis. Do not hard code values in your calculations. Payout ratio Pro forma income statement Sales Costs Taxable income Taxes Net income 15% 21% Dividends Addition to retained earnings Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets External financing needed Balance Sheet Liabilities and Owners' equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock Retained earnings Total Total liabilities and owners' equity