The most recent financial statements for Hopington Tours 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. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (30%) Net income Dividends $20, 320 Addition to retained earnings 68,580 $750,000 585,000 21,000 $144,000 17,000 $127,000 38,100 $ 88,900 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Assets Liabilities and owners' Equity Current assets Current liabilities Cash $ 26,000 Accounts payable Accounts receivable 41,400 Notes payable Inventory 87,600 Total Total $ 155,000 Long-term debt Owners' equity Fixed assets Common stock and paid-in surplus Net plant and equipment $300, 400 Retained earnings Total Total assets $455,400 Total liabilities and owners' equity $ 68, 700 17,700 $ 86, 400 $133,000 $119,000 117,000 $ 236,000 $455,400 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 25 % Sales Growth Sales $ Costs Other expenses EBIT $ Interest Taxable income $ Taxes (30%) Net income $ Dividends $ Add. to RE Complete the pro forma statement of financial position below. $ Assets Current assets Cash Accounts receivable Inventory Total $ HOPINGTON TOURS INC. Pro Forma Statement of Financial Position Liabilities and Owners' Equity Current liabilities $ Accounts payable $ Notes payable $ Total $ Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total $ $ $ Fixed assets Net plant and equipment $ $ $ Total assets $ Total liabilities and owners' equity $ Calculate the EFN for 25% growth rates. 25% $ EFN