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 rale also will remain constant Costs, other expenses, current assets, and accounts payable increase spontaneously with sales SCOTT, INC 2019 Income Statement Sales S756,000 Costs 591,000 Other expenses 27,000 Earnings before interest and taxes $ 138,000 Interest expense 23,000 Taxable income $ 115,000 Taxes (23%) 28.450 Net income $ 88,550 Dividends Addition to retained earings $26,565 61.985 Assets Current assets Cash Accounts receivable SCOTT, INC Balance Sheet as of December 31, 2019 Liabilities and Owners' Equity Current liabilities $ 21,540 Accounts payable $ 56,700 44,480 Notes payable 14,900 Inventory 100.960 Total $ 70,000 Total $ 166,980 Long-term debt $ 139,000 Fixed assets Net plant and equipment Owners' equity $ 432,000 Common stock and paid in surplus $ 119,000 Retained earings 270,380 Total $389,380 $598,980 Total liabilities and owners' equity $598,990 Tatal assets 20 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 Costs Other expenses EBIT Interest expense Taxable income Taxes Net income Assets Current assets Cash Accounts receivable Inventory Total Pro Forma Balance Sheet Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity Fixed assets Net plant and equipment Total assets What is the EFN? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign) EFN