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. CROSBY, INC. 2017 Income Statement Sales $768,000 Costs 624,000 Other expenses 31,500 Earnings before interest and taxes $ 112,500 Interest pald 16,000 Taxable income $ 96,500 Taxes (25%) 24,125 Net Income $ 72,375 Dividends Addition to retained earnings $22,740 49,635 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,740 Accounts payable $ 63,400 Accounts receivable 35,210 Notes payable 19,100 Inventory 71,870 Total $ 82,500 Total $ 132,820 Long-term debt $ 116,000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $ 111,000 $225,000 48,320 Total $ 159,320 Total assets $ 357,820 Total liabilities and owners' equity $357,820 Complete the pro forma income statements below. (Input all answers as positive values. Do not round Intermediate calculations.) Pro Forma Income Statement 20% Sales Growth 25% Sales Growth 30% Sales Growth Sales Costs Other expenses EBIT Interest paid Taxable income Taxes Net income Dividends Add to RE Calculate the EFN for 20, 25 and 30 percent growth rates. (Do not round Intermediate calculations. A negative answer should be indicated by a minus slgn.) 20% 25% 30% EFN