The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 25% Interest expense, the tax rate and dividend payout rate will all 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 $760,000 Costs $60,000 Other expenses 15.000 Eamings before interest and taxes 185.000 Interest paid 12.000 Taxable income 173,000 Taxes 69.200 Net income $103.800 Dividends $31,140 72,660 Addition to retained eamings The Statement of Financial Position is as follows: Hopington Tours Inc. Statement of Financial Position as of December 31, 2017 Hopington Tours Inc. Statement of Financial Position as of December Assets 31, 2017 Liabilities and Owners' Equity Current assets Current liabilities Cash $25,400 Accounts payable Accounts receivable 40,800 Notes payable Inventory 87.000 Total Total $153,200 Long-term debt Fixed assets Owners' equity $68,100 17.100 85,200 159,000 Net plant and equipment $332.400 Common stock and paid-in surplus $141,000 Total assets Required: Retained earnings 100.400 $485,600 Total 241,400 Total liabilities and owners' equity $485,600 1. Complete the pro forma statement of comprehensive income. 2. Complete the pro-forma statement of financial position 3. Calculate the EFN for 25% growth rate 4. Explain what your results mean to the owner of Hopington. At a 25% growth rate what does the owner need to know about the capital structure of Hopington? Make sure you show your work