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 $ 754,000 Costs 589,000 Other expenses 25,000 Earnings before interest and taxes $ 140,000 Interest paid 21,000 Taxable income $ 119,000 Taxes (21%) 24,990 Net income $ 94,010 Dividends $ 28,203 Addition to retained earnings 65,807 CROSBY, INCORPORATED Balance Sheet as of December 31, 2020 Assets Liabilities and Owners Equity Current assets Current liabilities Cash $ 21,340 Accounts payable $ 55,500 Accounts receivable 44,280 Notes payable 14,700 Inventory 98,960 Total $ 70,200 Total $ 164,580 Long-term debt $ 137,000 Fixed assets Owners equity Net plant and equipment $ 430,000 Common stock and paid-in surplus $ 118,000 Retained earnings 269,380 Total $ 387,380 Total assets $ 594,580 Total liabilities and owners equity $ 594,580 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.)