The most recent financial statements for Crosby Incorporated, follow. Sales for 2021 are projected to grow by 30 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
2020 Income Statement
Sales		$ 746,000
Costs		581,000
Other expenses		17,000
Earnings before interest and taxes		$ 148,000
Interest paid		13,000
Taxable income		$ 135,000
Taxes (23%)		31,050
Net income		$ 103,950
Dividends	$ 31,185
Addition to retained earnings	72,765

CROSBY, INCORPORATED
Balance Sheet as of December 31, 2020
Assets		Liabilities and Owners Equity
Current assets		Current liabilities
Cash	$ 20,540	Accounts payable	$ 54,700
Accounts receivable	43,480	Notes payable	13,900
Inventory	90,960	Total	$ 68,600
Total	$ 154,980	Long-term debt	$ 129,000
Fixed assets		Owners equity
Net plant and equipment	$ 422,000	Common stock and paid-in surplus	$ 114,000
		Retained earnings	265,380
		Total	$ 379,380
Total assets	$ 576,980	Total liabilities and owners equity	$ 576,980

In 2020, the firm operated at 75 percent of capacity. Construct the pro forma income statement and balance sheet for the company. Assume that the company cannot sell fixed assets. This implies that asset utilization may remain less than 100 percent next year as well. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

What is the EFN? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. A negative answer should be indicated by a minus sign.)