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 Costs Other expenses $ 769,000 625,000 32,000 Earnings before interest and taxes Interest paid $ 112,000 16,400 Taxable income Taxes (21%) $ 95,600 20,076 Net income $ 75,524 Dividends Addition to retained earnings $22,040 53,484 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,840 Accounts payable $ 63,800 Accounts receivable 35,320 Notes payable 19,400 Inventory 71,960 Total $ 83,200 Total $ 133,120 Long-term debt $ 117,000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $ 112,000 $226,000 46,920 Total $158,920 Total assets $ 359,120 Total liabilities and owners equity $ 359,120 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