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 $ 769,000 625,000 32,000 Costs Other expenses $ 112,000 Earnings before interest and taxes Interest paid 16,400 Taxable income Taxes (21%) $ 95,600 20,076 Net income $ 75,524 Dividends Addition to retained earnings $ 33,540 41,984 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,840 Accounts payable Accounts receivable 35,320 Notes payable $ 63,800 19,400 Inventory 71,960 Total $ 83,200 Total $ 133,120 Long-term debt $ 117,000 Fixed assets Owners' equity Common stock and paid-in surplus Retained earnings $ 112,000 Net plant and equipment $ 226,000 46,920 Total $ 158,920 Total assets $ 359,120 Total liabilities and owners' equity $ 359,120 Complete the pro forma income statements below. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Pro Forma Income Statement 15% Sales Growth 20% Sales Growth 45% Sales Growth Sales Costs Other expenses EBIT Interest paid Taxable income Taxes (21%) Net income Dividends Add to RE Calculate the EFN for 15, 20 and 45 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.) 15% 20% 45% EFN