The most recent financial statements for Retro Machine, Inc., follow. Sales for 2021 are projected to grow by 30 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.

In 2020, the firm operated at 75 percent of capacity. Construct the pro forma 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.)

What is the EFN? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.)

RETRO MACHINE, INC. 2020 Income Statement Sales Costs Other expenses $758,000 593,000 29,000 Earnings before interest and taxes Interest paid $ 136,000 25,000 Taxable income Taxes (25%) $ 111,000 27,750 Net income $ 83,250 $24,975 Dividends Addition to retained earnings 58,275 RETRO MACHINE, INC. Balance Sheet as of December 31, 2020 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,740 Accounts payable $ 55,900 Accounts receivable 44,680 Notes payable 15,100 Inventory 102,960 Total $ 71,000 Total $ 169,380 Long-term debt $ 141,000 Fixed assets Net plant and equipment $434,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 120,000 271,380 Total $ 391,380 Total assets $603,380 Total liabilities and owners' equity $603,380 Pro Forma Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts payable Notes payable Accounts receivable Inventory Total Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Fixed assets Net plant and equipment Total Total assets Total liabilities and owners' equity