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 $750,000 585,000 21,000 Other expenses Earnings before interest and taxes $144,000 Interest paid 17,000 Taxable income $127,000 Taxes (30%) 38,100 Net income $ 88,900 Dividends Addition to retained earnings $20,320 68,580 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 68,700 Accounts receivable $ 26,000 41,400 Accounts payable Notes payable Tal 17,700 RT EAG ADD