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I need help with line Taxable income and everything after that. The most recent financial statements for Crosby, Inc., follow. Interest expense will remain constant;

I need help with line "Taxable income" and everything after that.

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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 Costs Other expenses $759,000 615,000 27,000 $ 117,000 Earnings before interest and taxes Interest paid 12,400 Taxable income Taxes (21%) $ 104,600 21,966 Net income $ 82,634 Dividends Addition to retained earnings $39,540 43,094 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,840 Accounts payable $ 59,800 Accounts receivable 34,220 Notes payable 16,400 Inventory 71,060 Total $ 76,200 Total $ 130,120 Long-term debt $ 107,000 Fixed assets Owners' equity Common stock and paid-in surplus Retained earnings $102,000 Net plant and equipment $216,000 60,920 Total $ 162,920 Total assets $ 346,120 Total liabilities and owners' equity $ 346,120 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 15% Sales Growth 20% Sales Growth 45% Sales Growth Sales $ $ Costs Other expenses EBIT Interest paid Taxable income Taxes (21%) Net income Dividends Add to RE 872,850 $ 707,250 31,050 134,550 $ 12,400 120,290 $ 25,261 95,029 $ 45,471 $ 49,558 910,800 $ 738,000 32,400 140,400 $ 12,400 125,520 $ 26,359 99,161 $ 47,448 $ 51,713 1,100,550 891,750 39,150 169,650 12,400 130,750 27,458 103,293 $ $ $ 49,425 53,868 Calculate the EFN for 15, 20 and 45 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.) 45% 15% 279,710 $ 20% 281, 107 EFN $

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