business finance

The most recent financial statements for Nuesca Holidays Inc follow. Sales for 2018 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. Nuesca Holidays Inc. 2017 Statement of Comprehensive Income Sales $746,000 Costs 581,000 Other expenses 17.000 Earnings before interest and taxes $140,000 Interest paid 14,000 Taxable income $134,000 Taxes (35%) 46,900 Net income $ 87,100 Dividends sh1,440 Addition to retained earnings 65, 660 Assets Current assets Cash Accounts receivable Inventory Total Nuesca Holidays Inc Statement of Financial Position as of December 31, 2017 Liabilities and owners' Equity Current liabilities 5.25,600 Accounts payable 41,000 Notes payable 87,200 Total $153,500 Long-term debt Owners equity Common stock and paid in surplus 5922,400 Retained earnings Total $476,200 Total Habilities and owners' equity $ 68,300 17,300 $ 85,600 $129,000 Fixed assets Net plant and equipment 5143,000 118.600 5261,600 5476,200 Total assets Complete the proforma statement of comprehensive income below (Input all amounts os positive values. Omit 5 sign in your response.) Nuesca Holidays Inc Pro Forma Statement of Comprehensive Income 25 % Sales Growth Sales $ Costs Other expenses EBIT $ Interest Taxable income Taxes (35%) Net income $ Dividends $ Add to RE Complete the pro forma statement of financial position below. Assets $ Current assets Cash Accounts receivable Inventory Total Wuesca Holidays Inc Pro Forma Statement of Financial Position tables and meet rouity! Current abilities Accounts payable 5 Notes payable 5 Total 5 Long-tere debt Owners equity Common stock and paid in turplus Retained earnings Total Total liabilities and owners equity 5 $ Fixed assets Net plant and equipment $ 5 Total assets