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 $766,000 Costs 622,000 Other expenses 30,500 Earnings before interest $ 113,500 and taxes Interest paid 15,200 Taxable income Taxes (23%) $ 98,300 22,609 Net income $ 75,691 Dividends Addition to retained earnings $35,340 40,351 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,540 Accounts payable $ 62,600 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,540 Accounts payable $ 62,600 Accounts receivable 34,990 Notes payable 18,500 Inventory 71,690 Total $ 81,100 Total $ 132,220 Long-term debt $ 114,000 Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment $ 109,000 $223,000 51,120 Total $ 160,120 Total assets $355,220 Total liabilities and owners' equity $355,220 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 10% Sales Growth 15% Sales Growth 40% Sales Growth Pro Forma Income Statement 10% Sales Growth 15% Sales Growth 40% Sales Growth Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (23%) Net income Dividends Add to RE Calculate the EFN for 10, 15 and 40 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.) 10% 15% 40% EFN