The most recent financial statements for Crosby, Incorporated, follow. Sales for 2021 are projected to grow by 20 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 Costs $747,000 582,000 Other expenses 18,000 Earnings before interest and $ 147,000 taxes Interest paid Taxable income Taxes (24%) Net income 14,000 $ 133,000 31,920 $ 101,080 Dividends Addition to retained earnings $ 31,335 69,745 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Current assets Cash Accounts receivable Inventory Assets Liabilities and Owners' Equity Current liabilities $ 20,640 Accounts payable $ 54,800 43,580 Notes payable 14,000 91,960 Total $ 68,800 $156,180 Long-term debt $130,000 Total Fixed assets Owners' equity Net plant and equipment $ 423,000 Common stock and paid-in surplus $114,500 Retained earnings 265,880 Total $ 380,380 Total assets $579,180 Total liabilities and owners' equity $579,180 In 2020, the firm operated at 80 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. (Do not round Intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Sales Costs Pro Forma Income Statement Other expenses EBIT Interest Taxable income Taxes Net income Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable Inventory Total current assets Fixed assets Net plant and equipment Total assets Current liabilities Accounts payable Notes payable Total current liabilities Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total owner's equity Total liabilities and owners' equity 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.) EFN