The most recent financial statements for Scott, Inc., appear below. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. SCOTT, INC. 2019 Income Statement Sales Costs Other expenses Earnings before interest and taxes Interest expense $766,000 622.000 30.500 $ 113,500 15,200 Taxable income Taxes (23%) $ 98,300 22,609 Net income $ 75,691 Dividends Addition to retained earings $24.140 51,551 SCOTT, INC. Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,540 Accounts payable $ 62,600 Accounts receivable 34,990 Notes payable 18.500 Inventory 71,690 Total $ 81,100 Total $ 114,000 $ 132,220 Long-term debt Owners' equity Common stock and paid-in surplus $223.000 Retained earnings $ 10 Fixed assets Net plant and equipment 51,120 Total $ 160.120 Total assets $355,220 Total liabilities and owners equity $355,220 Complete the pro forme income statements below. (Input all answers as positive values. Do not round Intermediate calculations.) Pro Forma Income Statement 20% Sales Growth 2596 Sales Growth 30% Salles Growth Sales Casts Other expenses EBIT Interest expense Taxable income Taxes Net income Dividends Add to RE Calculate the EFN for 20, 25 and 30 percent growth rates. (Do not round Intermediate calculations. A negative answer should be indicated by a minus sign.) 20% 2596 30% EFN