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The most recent financial statements for Crosby, Inc., follow. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Assume the firm is operating at full capacity and the debt- equity ratio is held constant. CROSBY, INC. 2017 Income Statement Sales $768,000 Costs 624,000 Other expenses 31,500 Earnings before interest $ 112,500 and taxes Interest paid 16,000 Taxable income $ 96,500 Taxes (25%) 24,125 Net income $ 72,375 Dividends Addition to retained earnings $ 34,140 38,235 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,740 Accounts payable $ 63,400 Accounts receivable 35,210 Notes payable 19,100 Inventory 71,870 Total $ 82,500 Total $ 132,820 Long-term debt $ 116,000 Owners' equity Common stock and paid-in surplus $225,000 Retained earnings Fixed assets Net plant and equipment $ 111,000 48,320 Total $159,320 Total assets $ 357,820 Total liabilities and owners' equity $357,820 Complete the pro forma income statements below. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Pro Forma Income Statement 10% Sales Growth 15% Sales Growth 40% Sales Growth Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (25%) Net income Dividends Add to RE Calculate the EFN for 10, 15 and 40 percent growth rates. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole dollar amount.) 10% 15% 40% EFN