The most recent financial statements for Fleury Inc., follow. Sales for 2015 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, fixed assets and accounts payable increase spontaneously with sales.

FLEURY, INC. 2013 Income Statement
Sales				$	748,000
Costs					583,000
Other expenses					19,000
Earnings before interest and taxes				$	146,000
Interest paid					10,000
Taxable income				$	136,000
Taxes (35%)					47,600
Net income				$	88,400
Dividends	$	17,680
Addition to retained earnings		70,720

FLEURY, INC. Balance Sheet as of December 31, 2014
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$	20,740		Accounts payable	$	54,900
Accounts receivable		33,060		Notes payable		14,100
Inventory		70,020		Total	$	69,000
Total	$	123,820		Long-term debt	$	100,000
Fixed assets				Owners equity
Net plant and equipment	$	400,000		Common stock and paid-in surplus	$	100,000
				Retained earnings		254,820
				Total	$	354,820
Total assets	$	523,820		Total liabilities and owners equity	$	523,820

In 2014, 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.)

Pro Forma Income Statement
Sales	$
Costs
Other expenses
EBIT	$
Interest
Taxable income	$
Taxes (35%)
Net income	$

Pro Forma Balance Sheet
Assets				Liabilities and Owners Equity
Current assets				Current liabilities
Cash	$			Accounts payable	$
Accounts receivable				Notes payable
Inventory				Total	$
Total	$			Long-term debt	$
Fixed assets				Owners equity
Net plant and equipment	$			Common stock and paid-in surplus	$
				Retained earnings
				Total	$
Total assets	$			Total liabilities and owners equity	$

What is the EFN? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)

EFN

$