In the previous problem, suppose the firm was operating at only 80 percent capacity in 2014. What is EFN now?

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FLEURY, INC. 2014 Income Statement Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income $891,600 693,600 18,240 $179,760 13,400 $166,360 58,226 $108,134 | Taxes (35%) Net income $35,684 72,450 Dividends Addition to retained earnings FLEURY, INC. Balance Sheet as of December 31, 2014 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 24,280 37,070 83,400 $144,750 65,200 16,320 $ 81,520 $155,000 Accounts payable Notes payable Accounts receivable Total Fixed assets Total Long-term debt Owners' equity Net plant and equipment $396,500 Common stock and paid-in surplus Retained earnings $130,000 174,730 S304,730 $541,250 Total Total assets $541,250 Total liabilities and owners' equity