The most recent financial statements for Crosby, Incorporated, appear below. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales.

CROSBY, INCORPORATED

$2021$ Income Statement

Sales $ $769,000$

Costs $625,000$

Other expenses $32,000$

Earnings before interest and taxes $ $112,000$

Interest expense $16,400$

Taxable income $ $95,600$

Taxes $(21\%)20,076$

Net income $ $75,524$

Dividends $ $22,040$

Addition to retained earnings $53,484$

CROSBY, INCORPORATED

Balance Sheet as of December $31,2021$

Assets Liabilities and Owners$$ Equity

Current assets Current liabilities

Cash $ $25,840$ Accounts payable $ $63,800$

Accounts receivable $35,320$ Notes payable $19,400$

Inventory $71,960$ Total $ $83,200$

Total $ $133,120$ Long$-$term debt $ $117,000$

Owners$$ equity

Fixed assets Common stock and paid$-$in surplus $ $112,000$

Net plant and equipment $ $226,000$ Retained earnings $46,920$

Total $ $158,920$

Total assets $ $359,120$ Total liabilities and owners$$ equity $ $359,120$

The firm is operating at full capacity and no new debt or equity is issued. Complete the pro forma income statements below.The moat recent finsuclol ststements for Crosby, Incorporsted, sppesr below. Interest

expense will remoin conatont; the tax rete snd the dlvidend psyout rete slas will remsin

conatsent Coats, other expenaes, current sasets, fixed sasets, snd sccounts poyoble

incresse spontsneously with ssies.

The firm is opersting ot full copocty ond no new debt or eculty is issued. Complete the

pro forme income statements be ow$.($Input all snswers as positive vislues. Do not

round Intermediate calculationa and round your anawers to the nearest whole

number, e$.$g$.,32)$

Calculate the EFN for $20,25$ and $30$ percent grawth retes. $($A negatlive answer should

be Indicsted by a minus sign. Do nat round intermediste calculatians and round your

onswers to the nearest whole number, e$\mathrm{.}9-32]$