The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 30%. 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 (35%) Net income Dividends $17,680 Addition to retained earnings 70, 720 $ 748,000 583,000 19,000 $ 146,000 10,000 $ 136,000 47,600 $ 88,400 HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 25,800 Accounts payable Accounts receivable 41,200 Notes payable Inventory 87,400 Total Total $154,400 Long-term debt Owners' equity Fixed assets Common stock and paid-in surplus Net plant and equipment $ 400,000 Retained earnings Total Total assets $554,400 Total liabilities and owners' equity $ 68,500 17,500 $ 86,000 $100,000 $100,000 268,400 $368, 400 $ 554,400 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 30 % Sales Growth Sales $ Costs Other expenses EBIT $ Interest Taxable income Taxes (35%) 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 $ Total liabilities and owners' equity $ $ Fixed assets Net plant and equipment $ $ $ Total assets $ Calculate the EFN for 30% growth rates. 30% $ EFN