Use the percent-of-sales method, where better information is not available, to prepare a pro forma income statement for the year ended December 31, 2015, for Hennesaw Lumber, Inc. Hennesaw Lumber, Inc. estimates that its ss in 2015 will be $4.54M. Interest expense is to remain unchanged at $105,000 and the firm ons to pay cash dividends of $150,000 during 2015. Hennesaw Lumber, Inc.'s income stment for the year ended December 31, 2014 is shown below. Income Statement Hennesaw Lumber, Inc For the Year Ended December Sales Revenue Less: Cost of goods sold Gross profits Less: Operating expenses Operating profits Less: Interest expense Net profits before taxes Less: Taxes (40%) Net profits after taxes Less: Cash dividends To: Retained earnings 2014 4.200,000 3.570,000 630,000 210,000 420,000 105,000 $315,000 126,000 $ 189,000 120.000 69,000 The pro forma accumulated retained earnings account on the balance sheet is projected to change by