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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 Huesca Holidays Inc. 2017 Statement of comprehensive Income Sales $759.000 Costs 594,000 Other expenses 15,000 Earning before interest and taxes $150,000 Interest paid Taxable income $134,000 Taxes (30 40,200 $ 93,300 Dividends $28,140 Addition to retained earnings 65,660 16,000 Net Income Assets Current assets Cash Accounts receivable Inventory Total Nuesca Holiday Inc. Statement of Financial Position as of December 31, 2017 Habilities and Owners' Equity Current liabilities $ 26,900 Accounts payable 42,300 Notes payable 88,500 Total $157,700 Long term debt Ouers equity Connon stock and paid in surplus $363,000 Retained earnings Total $520,700 Total liabilities and owners equity $69,600 18,600 5.33,200 $142,000 Fixed assets Net plant and equipment $120,000 162,500 $290.500 $520,700 Total assets Complete the proforma statement of comprehensive income below. (Input all omounts os positive values. Omit S sign in your response.) Nuesca Holidays Inc Pro Forma Statement of comprehensive Income 20 * Sales Growth Sales $ Costs Other expenses 1511 $ Interest Taxable income 3 Taxes (30%) Net Income $ Dividends $ Add to Complete the proforma statement of financial position below. Assets Current assets Cash Accounts receivable Inventory Total Huesca Holidays Inc Pro Forna Statement of Financial Position Liabilities and Owners' Equity Current liabilities Accounts payable $ Notes payable Total Long term det Owners' equity Common stock and paid in surplus tetained earnings Total Total liabilities and owners' equity $ $ 5 $ Fixed assets Net plant and equipment $ $ $ Total assets Calculate the EFN for 20% growth rates. 20% $ EFNI

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