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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 HOPINGTON TOURS INC. 2019 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net Income Dividends Addition to retained earnings Current assets Cash Assets Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets $21,760 66,640 $763,000 598,000 19,000 $146,000 10,000 $136,000 47,600 $ 88,400 HOPINGTON TOURS INC.. Statement of Financial Position as of December 31, 2019 $ 27,500 42,700 88,900 $158,900 Liabilities and Ounces Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owner's equity Common stock and paid-in surplus Retained earnings $270,000 Total $428,900 Total liabilities and ouners' equity) $70,000 19,000 $89,000 $146,000 $132,000 61,900 $193,900 $428,900 Required Prepare pro forma statement of comprehensive income Prepare the pro forma statement of financial position Calculate the EFN for 25% growth rates.