The most recent financial statements for Formatica Ine, follow Sales for 2018 are projected to grow by 25%. 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. The firm is operating at full capacity and no new debt or equity is issued, 32 Formatica Inc. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (353) Net income Dividends $21,760 Addition to retained earnings 66,640 $763,000 598,080 19.000 $146,089 10,299 5136,080 47,600 $ 83,400 Assets Current assets Cash Accounts receivable Inventory Total Formatica Inc. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current abilities $ 27,200 Accounts payable 42,700 Notes payable 85,900 Total $158,90 Long-ter det Danes equity Common stock and palc-in surplus $270.000 Retained earnings Total $426,900 Total 130ilities and owners' equity $70,000 19.000 $ 89,000 $146.000 Fixed assets Net plant and equipment Total assets $132,000 61,900 $193.900 $426,900 Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values Omit 5 sign in your response Formatica Inc Pro Fora Statenent of Comprehensive Inco 25 Nos Growth sponse.) Formatica Inc Pro Forme Statement of Comprehensive Tricome 25 Sales Growth Sales 5 Costs Other expenses EBIT Interest Taxable income Taxes (35) Net Income Dividends Add to RE Complete the pro formo statement of financial position below. Current Assets Cash Accounts receivable Inventory Total Formatica Inc. Pro Forma Statement of Financial Position Liabilities and Owners! Equity Current liabilities $ Accounts payable 5 Notes payable Total 5 Long-term debt Owners quity Common stock and paid in surplus Retained earnings Total Total abilities and owners equity $ 5 $ Fixed assets Net plant and equipment $ $ $ $ Total assets Calculate the EFN for 25% growth rates 25 EFR