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. Assume the firm is operating at full capacity and the debt- equity ratio is held constant. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $773,000 629.000 34,000 $ 110,000 Earnings before interest and taxes Interest paid 18,000 Taxable income Taxes (25%) $ 92,000 23,000 Net income $ 69,000 $ 31,140 Dividends Addition to retained earnings 37,860 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 26,240 Accounts payable $ 65,400 Accounts receivable 35,760 Notes payable 20,600 Inventory 72,320 Total $ 86,000 Total $ 134,320 Long-term debt $ 121,000 Fixed assets Owners' equity Common stock and paid-in surplus Retained earnings $ 116,000 Net plant and equipment $230,000 41,320 Total $ 157,320 Total assets $364,320 Total liabilities and owners' equity $364,320 Complete the pro forma income statements below. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Pro Forma Income Statement 15% Sales Growth 20% Sales Growth 45% Sales Growth Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (25%) Net income Dividends Add to RE 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 dollar amount.) 15% 20% 45% EEN