Question: table [ [ HEIR JORDAN CORPORATION Income Statement ] , [ ] , [ Sales Stome Statement $ 4 6 , 8 0 0

\table[[HEIR JORDAN CORPORATION Income Statement],[],[Sales Stome Statement $ 46,800],[Costs,36,200],[Taxes (21%),Taxable income,10,600],[Net income,2,226],[8,374],[\table[[Dividends],[Addition to retained earnings]],$ 3,400],[,]]
The projected sales growth rate is 19 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant.
Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g.,32.
\table[[HEIR JORDAN CORPORATION],[Pro Forma Income Statement,],[Sales,],[Costs,],[Taxable income,],[Taxes,],[Net income,]]
What is the projected addition to retained earnings?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
Addition to retained earnings
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\ table [ [ HEIR JORDAN CORPORATION Income

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