Chac The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 20% 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 TOURS INC 2017 Statement of comprehensive Income Sales Casts Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (en) Net income Dividends $33,360 Addition to retained earnings 63,940 $756,000 591,000 12.000 $153,000 14,000 $139,800 41,780 $ 97,300 Assets Current assets Cash Accounts receivable Inventory Total HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Liabilities and Owners Equity Current liabilities $ 26,600 Accounts payable 42,000 Notes payable 80,200 Total $156,800 Long-term debt Owners' equity Common stock and paid-in surplus $280,000 Retained earnings Total $436,800 Total liabilities and owners equity $ 69,300 18,300 $ 87,600 $139,000 Fixed assets Net plant and equipment $125,000 85 200 $210,200 $436,800 Total assets Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response) HOPINGTON TOUIES INC. Pro Forma Statement of comprehensive Income 20 X 5ales Growth Sales $907200 Costs 709200 Other expenses 14400 EBIT 5 183600 Interest 14000 Taxable income $ 169600 Taxes (38%) 50880 Net Income $ 118720 Dividends $ 40710 Add. to RE 78010 Complete the pro forma statement of financial position below. Current assets Cash Accounts receivable Inventory Total KPINGTON TOURS INC Pro Fora Statement of Financial Position Liabilities and Owners Equity Current liabilities 31920 Accounts payable $ 60480 Notes payable $ 88800 Total $ 180600 Long-term debt Owners equity Common stock and paid in surplus $ 280000 Retained earnings Total $460600 Total liabilities and owners' equity 5 $ 5 5 B3160 13200 06360 Fixed assets Net plant and equipment $ 25000 5 16320 $ 26210 $460600 Total assets Calculate the EFN for 20% growth rates 200 EN