The most recent financial statements for Crosby, Inc., follow. Interest expense will re constant; the tax rate and the dividend payout rate will also remain constant. other expenses, current assets, fixed assets, and accounts payable incr spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $762,000 618,000 28,500 $ 115,500 13,600 Earnings before interest and taxes Interest paid Taxable income Taxes (24%) $ 101,900 24,456 Net income $ 77,444 Dividends Addition to retained earnings $26,940 50,504 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,140 Accounts payable $ 61,000 Accounts receivable 34,550 Notes payable 17,300 Inventory 71,330 Total $ 78,300 Total $ 110,000 $ 131,020 Long-term debt Owners' equity Common stock and paid-in surplus $ 219,000 Retained earnings $ 105,000 Fixed assets Net plant and equipment 56,720 Total $ 161,720 Total assets $350,020 Total liabilities and owners' equity $350,020 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 sign.) 20% 25% 30% EFN