Cole's Orange Jamba expects sales to grow by 10.2 % next year. Assume thatJim's pays out 89.3 % of its net income. Use the attached statements and the percent of sales method toforecast:

1.) Stockholders' equity

2.) Accounts payable

The Tax Cuts and Jobs Act of 2017 temporarily allows100% bonus depreciation(effectively expensing capitalexpenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career.