12 The most recent financial statements for Hopington Tours Inc. follow. Sales for 2020 are projected to grow by 25% Interest expense will remain constant, the tax rate and the dividend payout rate will also remain constant, Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. HOPINGTON YOURS INC. 2019 Statement of Comprehensive Income 011001 Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income (358) Met income Addition to retained earnings $21,740 $1,000 500,000 19,000 $146 10,000 $136,00 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2019 Assets Lilities and Owners Equity Current assets Current liabilities Cash Accounts receivable $37,300 43,700 Accounts payable $70,000 Nites payable Inventory Total Total $154,900 Long-term debt 19,000 $49,000 $146,000 equity Fixed assets Common stock and pald-in surplus Wet plant and equipment 1770,000 hetained earnings Total 12 Current assets Cash Accounts receivable 01:09:41 Inventory Assets Total Fixed assets Net plant and equipment Total assets HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2019 Liabilities and Owners' Equity Long-term debt Current liabilities $27,300 Accounts payable 42,700 Notes payable 88,900 Total $158,980 Owners' equity $270,000 $428,900 Common stock and paid-in surplus Retained earnings Total Total Habilities and owners' equity $ 70,000 19,000 $ 39,000 $146,000 $132,000 61,900 $193,900 $428,900 Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) HOPINGTON TOURS INC. Pro Forma Statement of Comprehensive Income Sales Costs Other expenses EBIT Interest Taxable income Taxes (35%) 25 X Sales Growth $ $ Pray Next >