Sales Costs Other expenses CROSBY, INCORPORATED 2021 Income Statement $ 765,000 621,000 30,000 $114,000 14,800 Earnings before interest and taxes Interest expense Taxable Income Taxes (22%) $ 99,200 21,824 Net Income $77,376 Dividends $ 35,940 Addition to retained earnings 41,436 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Liabilities and Owners' Equity Assets Current assets Cash Accounts receivable Current liabilities $ 25,440 Accounts payable 34,880 Notes payable $ 62,200 18,200 Inventory 71,600 Total Total $131.920 Long-term debt $ 80,400 $113,000 Owners' equity Fixed assets Net plant and equipment $222,000 Common stock and paid-in surplus Retained earnings $ 108,000 52,520 Total $ 160,520 Total assets $353,920 Total liabilities and owners' equity $ 353,920 Complete the pro forma income statements below. (Do not round Intermediate calculations and round your answers to the nearest whole number, e.g.. 32) Sales Costs Other expenses EBIT Interest expense Taxable income Taxes (22%) Net income Dividends Add to RE Pro Forma Income Statement 15% Sales Growth 20% Sales Growth 45% Sales Growth 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 number, e.g., 32.) EFN 15% 20% 45%