The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. MOOSE TOURS, INC 2015 Income Statement Sales Costs Other expenses $755,000 590,000 11,000 Earnings before interest and taxes Interest expense $154,000 12,000 Taxable income Taxes (40%) $142,000 56,800 Net income $85,200 Dividends Addition to retained earnings $ 34,080 51,120 MOOSE TOURS, INC Balance Sheet as of December 31, 2015 Assets Liabilities and Owners' Equity Current assets Current liabilities $ 21,440 Accounts payable Cash Accounts receivable Inventory $55,600 33,760 Notes paya 70,720 14,800 $70,400 $138,000 ble Total Total $ 125,920 Long-term debt