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 $ 767,000 Costs 623,000 Other expenses 31,000 Earnings before interest and taxes $ 113,000 Interest paid 15,600 Taxable income $ 97,400 Taxes (24%) 23,376 Net income $ 74,024 Dividends $ 23,440 Addition to retained earnings 50,584 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 25,640 rAccounts payable $ 63,000 Accounts receivable 35,100 Notes payable 18,800 Inventory 71,780 Total $ 81,800 Total $ 132,520 Long-term debt $ 115,000 Owners equity Fixed assets Common stock and paid-in surplus $ 110,000 Net plant and equipment $ 224,000 Retained earnings 49,720 Total $ 159,720 Total assets $ 356,520 Total liabilities and owners equity $ 356,520 Complete the pro forma income statements below. (Input all answers as positive values. Do not round intermediate calculations.)