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 Sales Costs Other expenses $757,000 592,000 28,000 Earnings before interest and taxes Interest paid $137,000 24,000 Taxable income Taxes (24%) $113,000 27,120 Net income $85,880 Dividends Addition to retained earnings $26,623 59,257 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,640 Accounts payable $ 55,800 Accounts receivable 44,580 Notes payable 15,000 Inventory 101,960 Total $ 70,800 Total $ 168,180 Long-term debt $ 140,000 Fixed assets Net plant and equipment $433,000 $ 119,500 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 270,880 Total $390,380 Total assets $ 601,180 Total liabilities and owners' equity $ 601,180 In 2017, the firm operated at 80 percent of capacity. Construct the pro forma income statement and balance sheet for the company. Assume that the company cannot sell fixed assets. This implies that asset utilization may remain less than 100 percent next year as well. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Pro Forma Income Statement Sales Costs Other expenses $ 0 EBIT Interest Taxable income Taxes (24%) Net income $ 0 $ 0 Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts payable Notes payable Accounts receivable Total $ 0 Inventory Total $ Fixed assets 0 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Net plant and equipment $ 0 Total assets $ 0 Total liabilities and owners' equity $ 0 What is the EFN? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. A negative answer should be indicated by a minus sign.) EEN