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				$	757,000
Costs					592,000
Other expenses					28,000
Earnings before interest and taxes				$	137,000
Interest paid					24,000
Taxable income				$	113,000
Taxes (24%)					27,120
Net income				$	85,880
Dividends	$	26,623
Addition to retained earnings		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				Owners equity
Net plant and equipment	$	433,000		Common stock and paid-in surplus	$	119,500
				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 fixed assets are sold so that the company has a 100 percent asset utilization. (Do not round intermediate calculations.)

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