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 Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (30%) Net income Dividends $20,160 Addition to retained earnings 80,640 $754,000 589,000 10,000 $ 155,000 11,000 $144,000 43,200 $100,800 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 $ 26,400 Accounts payable 41,800 Notes payable 88,000 Total $156,200 Long-term debt Owners' equity Common stock and paid-in surplus . $ 69,100 18,100 $ 87,200 $137,000 Fixed assets $123,000 ---- 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 $ 26,400 Accounts payable 41,800 Notes payable 88,000 Total $156,200 Long-term debt Owners' equity Common stock and paid-in surplus $430,000 Retained earnings Total $586,200 Total liabilities and owners' equity $ 69,190 18,199 $ 87,209 $137,000 Fixed assets Net plant and equipment $123,000 239,000 $362,800 $586,200 Total assets 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 Other expenses EBIT $ Interest Taxable income $ response.) Nuesca Holidays Inc. Pro Forma Statement of Comprehensive Income 25 % Sales Growth Sales $ Costs Other expenses EBIT $ Interest Taxable income $ Taxes (30%) Net income $ Dividends $ Add. to RE Complete the pro forma statement of financial position below. Assets Current assets Cash Accounts receivable Inventory Nuesca Holidays Inc. Pro Forma Statement of Financial Position Liabilities and Owners' Equity Current liabilities $ Accounts payable $ Notes payable $ Total $ Complete the pro forma statement of financial position below. Assets $ $ Current assets Cash Accounts receivable Inventory Total 44 $ 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 $ $ Fixed assets Net plant and equipment $ Total assets Calculate the EFN for 25% growth rates 25% EFN