Income Statement (in thousands) Sales Revenue 7,200 Cost of Goods Sold ($5,544) Gross Profit $1,656 Operational Expenses ($864) EBIT $792 Interest Expense ($125) EBT $667 Tax Expense ($173.42) Net Income $493.58 Balance Sheet (In thousands) Assets Liabilities and Stockholders' Equity $920 Current Assets Fixed Assets Total Assets $3500 $4420 Current Liabilities $650 Long-Term Debt $1700 Total Liabilities $2350 Stockholders' Equity $2070 Total Liabilities and Stockholders' Equity $4420 4. What will EFN be if WoodKid Toys Inc. decides not to issue the new shares? EFN$302 3. Based on following financial statements for Woodkid Toys Inc., calculate the EFN given that firm expected sales is $9,000,000 for the next year and the company will issue new stock, increasing the number of shares outstanding from 122,000 to 145,000. Note that the new shares are expected to be traded at $4.8. Assume that cost of goods sold, operational expenses, assets and current liabilities are directly proportional to sales and interest expense is fixed. WoodKid Toys Inc. does not pay dividends. EFN = $192 Income Statement (In thousands) Sales Revenue 7,200 Cost of Goods Sold _($5,544) Gross Profit $1,656 Operational Expenses ($864) EBIT $792 Interest Expense ($125) $667 Tax Expense ($173.42) Net Income $493.58 Balance Sheet (in thousands) Assets Liabilities and Stockholders' Equity Current Assets Fixed Assets $920 $3500 $4420 Total Assets Current Liabilities $650 Long-Term Debt $1700 Total Labilities $2350 Stockholders' Equity $2070 Total Llabilities and Stockholders' Equity $4420