Current Attempt in Progress Empire Enterprises: Pro Forma Income Statement and Balance Sheet ($ millions) EXHIBIT 19.10 The pro forma balance sheet for Empire Enterprises does not balance, and the differe nce is the amount of EFN. Because the company's board does not wish to issue common stock, the funding will have to take the form of long-term debt. Income Statement (Pro Forma) Net sales $120.0 180.0 $12.0 Costs Net income $ 7.2 Dividends Addition to retained earnings $4.8 Balance Sheet (Pro Forma) Liabilities and Stockholders' Equity Assets Change Projected Projected Change Assets Total debt $20.0 $0.0 $60.0 $10.0 Equity Total liabilities and stickholders' equity 34.8 4.8 $10.0 $4.8 Total assets $60.0 $54.8 Calculate the external financing needed. (Round answer to 1 decimal place, e.g. 0.4.) millions EFN $