The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. CROSBY, INC. 2017 Income Statement Sales Costs Other expenses $752,000 587,000 23,000 Earnings before interest and taxes Interest paid $ 142,000 19,000 Taxable income Taxes (24%) $ 123,000 29.520 Net Income $ 93,480 Dividends Addition to retained earnings $28,044 65,436 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,140 Accounts payable $ 55,300 Accounts receivable 44,080 Notes payable 14,500 Inventory 96,960 Total $ 69,800 Total $ 162,180 Long-term debt $ 135,000 Fixed assets Net plant and equipment $428,000 Owners' equity Common stock and paid in $117.000 surplus Retained earnings 268,380 Total $385,380 Total liabilities and owners' Total assets $ 590,180 equity $ 590,180 In 2017, the firm operated at 75 percent of capacity. Construct the pro forma income statement and balance sheet for the company. Assume that fixed assets are sold so that the company has a 100 percent asset utilization. (Do not round intermediate calculations.) Pro Forma Income Statement Sales Costs Other expenses EBIT Interest Taxable income Taxes Net income Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current liabilities Current assets Cash Accounts receivable Inventory Total Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity Fixed assets Net plant and equipment Total assets What is the EFN? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) EFN