The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 25 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 $762.000 Sales Costs 597,000 33,000 Other expenses Earnings before interest and taxes $132,000 29,000 Interest paid $103,000 24,720 Taxable income Taxes (24%) $78,280 Net income $23,484 Dividends Addition to retained 54,796 earnings CROSBY, INC. Balance Sheet as of December 31, 2017 Liabilities and Owners' Equity Assets Current assets Current liabilities Accounts payable Notes payable $ 22,140 45,080 Cash 56,300 15,500 Accounts receivable Total Inventory 106,960 71,800 $ 174,180 $145,000 Total Long-term debt Owners' equity Common stock and paid-in $122.000 Fixed assets Net plant and equipment $438,000 surplus Retained earnings 273,380 $395,380 Total Total liabilities and owners' $ 612,180 612,180 Total assets equity 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 assets Current liabilities Accounts payable Cash Notes payable Accounts receivable Inventory Total Total Long-term debt Owners' equity Fixed assets Common stock and paid-in surplus Retained earnings Net plant and equipment Total Total liabilities and owners' equity Total assets What is the EFN? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) EFN