S 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 Costs Book Other expenses Earnings before interest and taxes Print erences Interest paid Taxable income Taxes (30%) Net income Dividends Addition to retained earnings Current assets Cash Accounts receivable Inventory Total Fivad secate $747,000 582,000 18,000 $147,000 15,000 $132,000 39,600 $ 92,400 $18,480 73,920 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Assets Liabilities and Owners' Equity $ 25,700 Current liabilities Accounts payable 41,100 Notes payable 87,300 Total $154,100 Long-term debt Owners' equity Con stack and natd. in euentue < Previ 7 of 20 Next > $ 68,400 17,400 $ 85,000 $130,000 $144 000