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 $745,000 580,000 16,000 Earnings before interest and taxes Interest paid $ 149,000 12,000 Taxable income Taxes (22%) $ 137,000 30,140 Net income $ 106,860 Dividends Addition to retained earnings $33,127 73,733 CROSBY, INC. Balance Sheet as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 20,440 Accounts payable $ 54,600 Accounts receivable 43,380 Notes payable 13,800 Inventory 89,960 Total $ 68,400 Total $ 153,780 Long-term debt $ 128,000 Fixed assets Net plant and equipment $421,000 Owners' equity Common stock and paid-in surplus Retained earnings $113.500 264,880 Total $378,380 Total assets $574,780 Total liabilities and owners' equity $574,780 In 2017, the firm operated at 80 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 Assets Current assets Cash Accounts receivable Inventory Total Liabilities and Owners' Equity Current liabilities 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