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Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement $48,500 34,500 Sales Costs Taxable income Taxes (25%) $ 14,000 3,500 Net income $ 10,500 Dividends Addition to retained earnings $2,514 7,986 The balance sheet for the Heir Jordan Corporation follows. Assets Current assets Cash Accounts receivable HEIR JORDAN CORPORATION Balance Sheet Liabilities and Owners' Equity Current liabilities $ 2,500 Accounts payable $ 2,400 3,900 Notes payable 5,000 Inventory 9,000 Total $ 7,400 Total $ 15,400 Long-term debt $24,000 Fixed assets Owners' equity Common stock and paid-in surplus Retained earnings $ 15,000 Net plant and equipment $ 37,800 6,800 Total $ 21,800 Total assets $53,200 Total liabilities and owners' equity $53,200 Prepare a pro forma balance sheet, assuming an increase in sales of 12 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.g., 32.16.) Prepare a pro forma balance sheet, assuming an increase in sales of 12 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.g., 32.16.) HEIR JORDAN CORPORATION Pro Forma Balance Sheet Liabilities and Owners' Equity Assets Current assets Current liabilities Cash Accounts receivable Inventory Total Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Fixed assets Net plant and equipment Total assets Total liabilities 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.) EFN