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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

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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 $749,690 Costs 584,800 Other expenses 20,000 Earnings before interest and taxes $145,000 Interest paid 16,000 Taxable income $129,000 Taxes (40%) 51,600 Net income $ 77,400 Dividends $18,060 Addition to retained earnings 59,340 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,900 Accounts payable Accounts receivable 41,300 Notes payable Inventory 87,500 Total Total $154,700 Long-term debt Owners' equity Fixed assets Common stock and paid-in surplus Net plant and equipment $310,400 Retained earnings Total Total assets $465,100 Total liabilities and owners' equity $ 68,600 17,600 $ 86,200 5132,000 $118,000 128,900 $246,900 $465, 100 om as positive values. Omit sign in your Complete the pro forma statement of comprehensive income below. (Input response.)

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