The most recent financial statements for Nuesca Holidays 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 Nuesca Holidays Inc. 2017 Statement of comprehensive Income Sales $753,000 Costs 588,000 Other expenses 24,000 Earnings before interest and taxes $141,800 Interest paid 10, eee Taxable income $131,00 Taxes (40%) 52,400 Net income $ 78,600 Dividends $31,440 Addition to retained earnings 47,160 Assets Current assets Cash Accounts receivable Inventory Total Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 26,300 Accounts payable 41,700 Notes payable 87,900 Total $155,900 Long-term debt $ 69,00 18,000 $ 57, eee $181.ee 21 i Saved Help Save & Exit Su Assets Current assets Cash Accounts receivable Inventory Total Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 26,3ee Accounts payable 41,700 Notes payable 87,989 Total $155,988 Long-term debt Owners' equity Common stock and paid-in surplus $150, 4ee Retained earnings Total $386,300 Total liabilities and owners' equity $ 69, eee 18,eee $ 87.ee $191,000 Fixed assets Net plant and equipment Total assets $180,000 18, Jee $118,300 $306,30 Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Nuesca Holidays Inc. Pro Forma Statement of comprehensive Income 25 % Sales Growth $ Sales Costs Help Save & E Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in you response.) Nuesca Holidays Inc. Pro Forma Statement of Comprehensive Income 25 % Sales Growth Sales $ Costs Other expenses EBIT $ Interest Taxable income $ Taxes (40%) Net income $ Dividends $ Add. to RE 18 Complete the pro forma statement of financial position below. Complete the pro forma statement of financial position below. 1 15 points 5 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Nuesca Holidays 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 8 075656 5 $ 5 $ 3 Total assets 5 Calculate the EFN for 25% growth rates. 25% EFN