Corporate finance---- see attached

The most recent financial statements for Retro Machine,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.

The most recent financial statements for Retro Machine, 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. RETRO MACHINE, INC. 2013 Income Statement Sales Costs Other expenses $ $ Earnings before interest and taxes Interest paid 761,000 596,000 17,000 148,000 18,000 Taxable income Taxes (30%) $ 130,000 39,000 Net income $ 91,000 Dividends Addition to retained earnings $20,800 70,200 RETRO MACHINE, INC. Balance Sheet as of December 31, 2013 Assets Current assets Cash $ Accounts receivable Inventory Total 71,320 $ Fixed assets Net plant and equipment Liabilities and Owners' Equity Current liabilities Accounts 22,040 $ payable Notes 34,360 payable $ Total Long-term debt Owners' equity Common stock and paidin surplus Accumulated 380,000 retained earnings 127,720 56,200 15,400 $ 71,600 $ 144,000 $ 130,000 162,120 Total Total assets $ $ $ Total 507,720 liabilities and owners' equity 292,120 507,720 Complete the pro forma income statements below. (Do not round intermediate calculations.) Pro Forma Income Statement Sales 15% Sales Growth $ 25% Sales Growth $ 30% Sales Growth $ Costs Other expenses EBIT $ $ $ $ $ $ $ $ $ $ $ Interest Taxable income Taxes (30%) Net income $ Dividends Add to RE Complete the pro forma balance sheet for each sales growth rate. (Do not round intermediate calculations.) 15% Sales Growth: Pro Forma Balance Sheet Assets Current assets Cash $ Accounts receivable Liabilities and Owners' Equity Current liabilities Accounts payable $ Notes payable Inventory Total Total $ Fixed assets Net plant and equipment Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total assets $ Total liabilities and owners' equity $ $ $ $ $ 25% Sales Growth: Pro Forma Balance Sheet Assets Current assets Cash $ Accounts receivable Notes payable Inventory Total Liabilities and Owners' Equity Current liabilities Accounts payable $ Total $ Fixed assets Net plant and equipment Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total assets $ Total liabilities and owners' equity $ $ $ $ $ 30% Sales Growth: Pro Forma Balance Sheet Assets Current assets Cash Liabilities and Owners' Equity Current liabilities Accounts payable $ $ Accounts receivable Notes payable Inventory Total Total $ $ Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Fixed assets Net plant and equipment Total Total assets $ $ Total liabilities and owners' equity $ $ $ Calculate the EFN for 15, 25, and 30 percent growth rates. (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.) EFN 15% $ 25% $ 30% $