The most recent financial statements for Crosby, Inc., follow. Sales for 2018 are projected to grow by 20 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				$	750,000
Costs					585,000
Other expenses					21,000
Earnings before interest and taxes				$	144,000
Interest paid					17,000
Taxable income				$	127,000
Taxes (22%)					27,940
Net income				$	99,060
Dividends	$	29,718
Addition to retained earnings		69,342

CROSBY, INC. Balance Sheet as of December 31, 2017
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	20,940		Accounts payable	$	55,100
Accounts receivable		43,880		Notes payable		14,300
Inventory		94,960		Total	$	69,400
Total	$	159,780		Long-term debt	$	133,000
Fixed assets				Owners equity
Net plant and equipment	$	426,000		Common stock and paid-in surplus	$	116,000
				Retained earnings		267,380
				Total	$	383,380
Total assets	$	585,780		Total liabilities and owners equity	$	585,780

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.)

sales

cost

other expenses

EBIT

interest

taxable income

Taxes

Net income

What is the EFN? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)