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 $746,000 581,000 17,000 Earnings before interest and taxes Interest paid $ 148,000 13,000 Taxable income Taxes (23%) $ 135,000 31,050 Net income $ 103,950 $ 31,185 Dividends Addition to retained earnings 72,765 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20,540 Accounts payable $ 54,700 Accounts receivable 43,480 Notes payable 13,900 Inventory 90,960 Total $ 68,600 Total $ 154,980 Long-term debt $ 129,000 Fixed assets Net plant and equipment $422,000 Owners' equity Common stock and paid-int $ 114,000 surplus Retained earnings 265,380 Total $ 379,380 Total assets $576,980 Total liabilities and owners' equity $576,980 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 Cash Accounts receivable Current liabilities Accounts payable Notes payable Inventory Total Total Fixed assets Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Net plant and equipment Total assets Total liabilities and owners' equity What is the EFN? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) EFN