The most recent financial statements for Scott, Inc., appear below. Sales for 2020 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate also will remain constant Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. SCOTT, INC. 2019 Income Statement Sales Costs Other expenses $756,000 591,000 27,000 Earnings before interest and taxes Interest expense $ 138,000 23.000 Taxable income Taxes (23%) $ 115,000 26,450 Net income $ 88,550 Dividends Addition to retained earnings $26.565 61.985 SCOTT, INC Balance Sheet as of December 31, 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 21,540 Accounts payable $ 55,700 Accounts receivable 44,480 Notes payable 14,900 Inventory 100,960 Total $ 70,600 Total $ 166,980 Long-term debt $ 139,000 Fixed assets Net plant and equipment $432,000 Owners' equity Common stock and paid-in surplus Retained earnings $ 119,000 270,380 Total $389,380 Total assets $598.980 Total liabilities and owners equity $598.980 In 2019. the firm operated at 75 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.) Preu In 2019, the firm operated at 75 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 $ 907,200 Costs 709,200 Other expenses 32,400 EBIT $ 165,600 Interest expense 23,000 Taxable income S 142,600 Taxes 32,798 109.802 Net income 5 Assets Current assets $ Cash Accounts receivable Inventory Total Pro Forma Balance Sheet Liabilities and Owners' Equity Current liabilities 25,848 Accounts payable $ 53,376 Notes payable 121,152 Total S 200,376 Long-term debt $ Owners' equity Common stock and paid-in surplus $ Retained earnings Total $ Total liabilities and owners' equity s 66,840 14,900 81,740 139,000 Fixed assets Net plant and equipment 119,000 347,241 466,241 686,981 Total assets What is the EFN? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) EFN