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 686,530 Costs Other expenses 554,420 14,020 Earnings before interest and $ 118,090 taxes Interest paid Taxable income 12,090 $ 106,000 Taxes (21%) Net income Dividends Addition to retained earnings 22,260 $ 83.740 $27.475 56,265 Addition to retained earnings 56,265 Assets Current assets Cash Accounts receivable Inventory Total CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Liabilities and Owners' Equity Current liabilities $ 20,940 Accounts payable 31,970 Notes payable 71,320 Total $124,230 Long-term debt Owners equity $ 53,790 13,215 $ 67,005 $127,500 Common stock and paid-in Fixed assets $ 105,000 surplus Net plant and equipment $341,980 Retained earnings 166,705 Total $271,705 Total assets $ 466,210 Total liabilities and owners' equity $466,210 Complete the pro forma income statements below. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Complete the pro forma income statements below. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Sales Costs Other expenses EBIT Interest Taxable income Taxes (21%) Net income Dividends Add to RE Pro Forma Income Statement 20% Sales Growth 30% Sales Growth 35% Sales Growth + Taxable income Taxes (21%) Net income Dividends Add to RE Calculate the EFN for 20, 30, and 35 percent growth rates. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) EFN 20% 30% 35%