The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 20%. 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 (30%) Net income Dividends $33,360 Addition to retained carnings 63,940 $756,000 591,000 12,00 $153,000 14,000 $139,000 41,700 $ 97,300 Assets Current assets Cash Accounts receivable Inventory Total HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities 5 26,600 Accounts payable 42,000 Notes payable 88,200 Total $156,880 Long-term debt Owners' equity Common stock and paid in surplus 5. 69,300 18.30 $ 87,600 $139,000 $125,000 Fixed assets