The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 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. 2017 Statement of comprehensive Income Sales $758,000 Costs 593, eee Other expenses 14,000 Earnings before interest and taxes $151,000 Interest paid 10,000 Taxable income $141,000 Taxes (40%) 56,400 Net income $ 84,6ee Dividends $33,840 Addition to retained earnings 50,760 Assets Current assets Cash Accounts receivable Inventory HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 26,800 Accounts payable 42,200 Notes payable 88,400 Total $ 69,500 18,500 $ 88, eee 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 $ 26,800 Accounts payable 42,200 Notes payable 88,400 Total $157,400 Long-term debt Owners' equity Common stock and paid in surplus $235,000 Retained earnings Total $392,400 Total liabilities and owners' equity $ 69,500 18,50e $ 88,eee $102,000 Fixed assets Net plant and equipment $102,000 1ee,480 $202, 490 $392,400 Total assets Complete the pro forma statement of comprehensive Income below. (Input all amounts as positive values. Omit sign in your response.) Check 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 25 % Sales Growth Sales $ 947500 Costs 741250 Other expenses 17500 EBIT $ 188750 Interest 12500 Taxable income $ Taxes (40%) Net income $ Dividends $ Add. to RE A 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 5 $ $ $ Fixed assets Net plant and equipment $ $ $ Total assets $ Calculate the EFN for 25% growth rates EFN 255 $