Help Save & E The financial planning method that uses the projected sales level as the basis for determining changes in balance sheet and income statement account values is referred to as the method. Multiple Choice percentage of sales sales dilution sales reconciliation Deep Hollow Mills has sales of $254,600 and a profit margin of 5.2 percent. The firm has retained earnings of $113,200 after paying its annual dividend of $7,500. What is the pro forma retained earnings for next year if this firm grows at a rate of 3.6 percent and both the profit margin and the dividend payout ratio remain constant? Multiple Choice $117,704.74 $123,771.10 $113,592.08