The most recent financial statements for Crosby, Incorporated, appear below. Sales for $2022$ are projected to grow by $30$ percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales.

CROSBY, INCORPORATED

$2021$ Income Statement

Sales $ $755,000$

Costs $590,000$

Other expenses $26,000$

Earnings before interest and taxes $ $139,000$

Interest expense $22,000$

Taxable income $ $117,000$

Taxes $(22\%)25,740$

Net income $ $91,260$

Dividends $ $28,291$

Addition to retained earnings $62,969$

CROSBY, INCORPORATED

Balance Sheet as of December $31,2021$

Assets Liabilities and Owners$$ Equity

Current assets Current liabilities

Cash $ $21,440$ Accounts payable $ $55,600$

Accounts receivable $44,380$ Notes payable $14,800$

Inventory $99,960$ Total $ $70,400$

Total $ $165,780$ Long$-$term debt $ $138,000$

Fixed assets Owners$$ equity

Net plant and equipment $ $431,000$ Common stock and paid$-$in surplus $ $118,500$

Retained earnings $269,880$

Total $ $388,380$

Total assets $ $596,780$ Total liabilities and owners$$ equity $ $596,780$

In $2021,$ 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$.,32.)$

What is the EFN? $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$In $2021,$ 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 Intermedlate calculations and round your onswers to the nearest whole number, e$.$g$.,32.)$

$\backslash$table$[[$Pro Forma Income Statement$],[$Sales$,],[$Costs$,],[$Other expenses,$],[$EBIT$,],[$Interest$,],[$Taxable income,$],[$Taxes $(22\%),],[$Net income,$]]$

$\backslash$table$[[$Pro Forma Balance Sheet,$],[$Assets$,$Liabilities and Owners' Equity$],[$Current assets,Current liabilies,$],[$Cash$,$Accounts payable,$],[$Accounts receivable,Notes payable,$],[$Inventory$,$Total,$],[$Total$,,$Long$-$term debt$],[,$Owners' equity,$],[$Fixed assets,Common stock and paid$-$in surplus,$],[$Net plant and equipment,,Retained earnings$],[,,$Total$],[$Total assets,,Total liabilities and owners' equity$]]$

What is the EFN? $($A negative onswer should be Indlcated by a minus slgn$.$ Do not round Intermedlate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$

EFN