The most recent financial statements for Crosby, Incorporated, follow. Sales for 2024 are projected to grow by 25 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, and accounts payable increase spontaneously with sales.

CROSBY, INCORPORATED
2023 Income Statement
Sales		$ 762,000
Costs		597,000
Other expenses		33,000
Earnings before interest and taxes		$ 132,000
Interest paid		29,000
Taxable income		$ 103,000
Taxes (24%)		24,720
Net income		$ 78,280
Dividends	$ 23,484
Addition to retained earnings	54,796

CROSBY, INCORPORATED
Balance Sheet as of December 31, 2023
Assets	Liabilities and Owners Equity
Current assets		Current liabilities
Cash	$ 22,140	Accounts payable	$ 56,300
Accounts receivable	45,080	Notes payable	15,500
Inventory	106,960	Total	$ 71,800
Total	$ 174,180	Long-term debt	$ 145,000
Fixed assets		Owners equity
Net plant and equipment	$ 438,000	Common stock and paid-in surplus	$ 122,000
		Accumulated retained earnings	273,380
		Total	$ 395,380
Total assets	$ 612,180	Total liabilities and owners equity	$ 612,180

In 2023, the firm operated at 75 percent of capacity. Construct the pro forma income statement and balance sheet for the company. Assume that fixed assets are sold so that the company has a 100 percent asset utilization.

Note: Do not round intermediate calculations.

What is the EFN?

Note: 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.