come statements below. (Input all answers as pos values. Do not round intermediate calculations.) Pro Forma Income Statement 20% Sales Growth 25% Sales Growth Sales Costs 30% Sales Growth $ Other expenses EBIT Interest paid Taxable income Taxes Net income Dividends Add to RE $ 916,800 $ 744,000 35,400 137,400 $ 14,400 123,000 $ 25,830 97,170 $ 31,383 $ 65,787 955,000 775,000 36,875 143,125 $ 14,400 128,725 $ 27.032 101,693 $ 32,844/ s 68,849 993,200 806,000 38,350 148,850 14,400 134,450 28,235 106,216 cos $ $ 34,304 71,911 Calculate the EFN for 20, 25 and 30 percent growth rates. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) EPN 20% 25% 30% MacBook Air N SO F3 Q FG # F5 3 $ 56 Dividends Addition to retained earnings $25,540 53,539 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,340 Accounts payable $ 61,800 Accounts receivable 34.770 Notes payable 17,900 Inventory 71,510 Total $ 79,700 Total $ 131,620 Long-term debt $ 112,000 Owners' equity Fixed assets Common stock and paid-in surplus $ 107,000 Net plant and equipment $221,000 Retained earnings 53,920 Total Total assets $352,620 $ 160,920 Total liabilities and owners' equity $352,620 Complete the pro forma income statements below. (Input all answers as positive values. Do not round Intermediate calculations.) Pro Forma Income Statement MacBook Air 80 F3 F4 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. CROSBY, INC. 2017 Income Statement Sales $764,000 Costs 620,000 Other expenses 29,500 Earnings before interest and taxes $ 114,500 Interest paid 14,400 Taxable income $ 100,100 Taxes (219) 21,021 Net income $ 79,079 Dividends Addition to retained earnings $25,540 53,539 CROSBY, INC Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities $ 25,340 Accounts payable $ 61,800 Accounts receivable 34770 Notes payable 17.900 Inventory 71,510 Total $ 79,700 MacBook Air F2 SO F3 Q F4 He F5 # FO % D DU