The most recent financial statements for Hopington Tours Inc. follow. Sales for 2020 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. 2019 Statement of Comprehensive Income
Sales			$	749,000
Costs				584,000
Other expenses				20,000
Earnings before interest and taxes			$	145,000
Interest paid				16,000
Taxable income			$	129,000
Taxes (40%)				51,600
Net income			$	77,400
Dividends	$	18,060
Addition to retained earnings		59,340

HOPINGTON TOURS INC. Statement of Financial Position as of December 31, 2019
Assets	Liabilities and Owners Equity
Current assets			Current liabilities
Cash	$	25,900	Accounts payable	$	68,600
Accounts receivable		41,300	Notes payable		17,600
Inventory		87,500	Total	$	86,200
Total	$	154,700	Long-term debt	$	132,000
			Owners equity
Fixed assets			Common stock and paid-in surplus	$	118,000
Net plant and equipment	$	310,400	Retained earnings		128,900
			Total	$	246,900
Total assets	$	465,100	Total liabilities and owners equity	$	465,100

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
	20 % Sales Growth
Sales	$
Costs
Other expenses
EBIT	$
Interest
Taxable income	$
Taxes (40%)
Net income	$
Dividends	$
Add. to RE

Complete the pro forma statement of financial positionbelow.

HOPINGTON TOURS INC. Pro Forma Statement of Financial Position
Assets	Liabilities and Owners Equity
Current assets		Current liabilities
Cash	$	Accounts payable	$
Accounts receivable	$	Notes payable	$
Inventory	$	Total	$
Total	$	Long-term debt	$
		Owners equity
Fixed assets		Common stock and paid-in surplus	$
Net plant and equipment	$	Retained earnings	$
		Total	$
Total assets	$	Total liabilities and owners equity	$

Calculate the EFN for 20% growth rates.

	20%
EFN	$