The most recent financial statements for Nuesca Holidays 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 Nuesca Holidays Inc. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (40%) Net income Dividends Addition to retained earnings $755,000 590,000 11,000 $154,000 12,000 $142,000 56,800 $ 85,200 $34,080 51,120 Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Assets Liabilities and Owners' Equity Current assets Cash Accounts receivable: $ 26,500 41,900 Current liabilities Accounts payable Notes payable Inventory 88,100 Total Total $156,500 Long-term debt $ 69,200 18,200 $ 87,400 $138,000 Owners' equity Fixed assets Net plant and equipment $240,000 $396,500 Total assets Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity $124,000 47,100 $171,100 $396.500