The most recent financial statements for Crosby Incorporated, follow. Sales for 2021 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 2020 Income Statement $ Sales 757,000 Costs 592,000 Other expenses 28,000 Earnings before interest and taxes $ 137,000 24,000 Interest pald Taxable income Taxes (24%) $ 113,000 27,120 Net Income $ 85,880 Dividends $ 26,623 Addition to retained earnings 59,257 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,640 Accounts payable Accounts receivable 44,580 Notes payable $ 55,800 15,000 Inventory 101,960 Total $ 70.800 Total $ 168,180 Long-term debt $ 140,000 Fixed assets Net plant and equipment $ 433,000 Owners' equity Common stock and paid-in surplus $ 119,500 Retained earnings 270,880 Total $ 390,380 Total assets $ 601,180 Total liabilities and owners' equity $ 601,180 In 2020, the firm operated at 80 percent of capacity. Construct the pro forma Income statement and balance sheet for the company. Assume that 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.) Pro Forma Income Statement Sales year as well. (Do not round Intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Pro Forma Income Statement Sales Costs Other expenses EBIT S 0 Interest S 0 Taxable income Taxes (24%) Net income S Assets Current assets Cash Accounts receivable Inventory Total current assets 0 Pro Forma Balance Sheet Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total current liabilities S 0 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total owner's equity S 0 Total liabilities and owners' equity S $ Fixed assets Net plant and equipment 0 Total assets $ 0 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