The most recent financial statements for Hopington Tours Inc. follow. Sales for 2020 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. Sales Costs HOPINGTON TOURS INC. 2019 Statement of Comprehensive Incone Other expenses Earnings before interest and taxes Interest paid Taxable income Taras (40%) Het income Dividends Addition to retained earnings $31,140 72,500 $760,000 560,000 15,000 $185,000 12,000 $175,000 69.200 $105,000 HOPINGTON TOURS INC. Statement of financial Position as of December 31, 2019 Assets Liabilities and Owners Equity Current assets Cai Accounts receivable $25,400 40,500 Current liabilities Accounts payable 149.100 Inventory 87,000 tes payable Total 17,100 $85,200 Totax 1153,200 Long-term debt $159,000 Fixed assets Common steck and paid-in surplus $141,000 Net plant and women Retained warnings 100,400 Total 3241,400 Total assets BASS,600 Total liabilities and mers l 3485,000