P4-1 Pro Forma Statements (L01) Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Income Statement Sales $19,000 Assets Costs 13,900 Net income $5,100 Total Balance Sheet $10,000 Debt Equity $10,000 Total $5,500 4,500 $10,000 Phillips has predicted a sales increase of 10 percent. It has predicted that every item o the balance sheet will increase by 10 percent as well. Required: Calculate the dividend paid. (Do not round your intermediate calculations.)