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 $760,000 616,000 27,500 Earnings before interest and taxes Interest paid $ 116,500 12,800 Taxable income Taxes (22%) $ 103,700 22.814 Net income $ 80,886 Dividends $28,340 Addition to retained 52,546 earnings CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,940 Accounts payable $ 60,200 Accounts receivable 34,330Notes payable 16,700 Inventory 71,150 Total $ 76,900 Total $130,420 Long-term debt $108,000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $103.000 $ 217,000 59,520 Total $ 162,520 Total assets 5571.74 $347,420 Total liabilities and owners equity $347,420 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