The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 25 percent. 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. CROSBY, INCORPORATED 2021 Income Statement Sales $ 770,000 Costs 626,000 Other expenses 32,500 Earnings before interest and taxes $ 111,500 Interest expense 16,800 Taxable income $ 94,700 Taxes (22%) 20,834 Net income $ 73,866 Dividends $ 21,340 Addition to retained earnings 52,526