The most recent financial statements for Crosby, Incorporated, follow. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Assume the firm is operating at full capacity and the debt- equity ratio is held constant. CROSBY, INCORPORATED 2020 Income Statement Sales 764,000 Costs 620,000 Other expenses 29,500. Earnings before interest and $114,500 taxes Interest paid Taxable income Taxes (21%) Net income 14,400 $100,100 21.021 $ 79,079 Dividends Addition to retained earnings $ 36,540 42,539 Assets CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Liabilities and Owners' Equity Current assets Cash Accounts receivable Current liabilities $ 25,340 Accounts payable 34,770 Notes payable Inventory 71,510 Total Total $131,620 Long-term debt $ 61,800 17,900 $ 79,700 $112,000 Owners' equity Common stock and paid-in Fixed assets $107,000 surplus Net plant and equipment $221,000 Retained earnings 53,920 Total $ 160,920 Total assets $ 352,620 Total liabilities and owners' equity $352,620 Complete the pro forma income statements below. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) whole number, e.g., 32.) Answer is complete and correct. Pro Forma Income Statement 10% Sales Growth 15% Sales Growth 40% Sales Growth Sales $ 840,400 $ 878,6004 s Costs 682,000 713,000 1,069,600 868 000- Other expenses 32,4500 33.925 41,3000 EBIT S 125,9500 $ 131,675 S 160,300 Interest paid 14,400 14.400 14,4001 Taxable income 111,550 $ 117,275 $ 145,900 Taxes (21%) 23,426 24,628 30,639 Net income $ 88 125 $ 92.647 S 115,261 Dividends $ Add to RE 40,720 S 47,4050 42,8095 53,2590 49,838 62.002 000000000 Calculate the EFN for 10, 15 and 40 percent growth rates. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g.. 32.) Answer is complete but not entirely correct. 10% 15% 40% EFN $ -18.323S 6.215 S 54,326 x