Global Corp. expects sales to grow by 7% next year. Using the percent of sales method and the data provided in the given tables forecast: a. Costs except depreciation e. Accounts receivable b. Depreciation f. Inventory c. Net income g. Property, plant, and equipment d. Cash h. Accounts payable (Note: Interest expense will not change with a change in sales. Tax rate is 25%.) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). 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. a. Costs except depreciation The forecasted costs except depreciation will be $ million. (Round to one decimal place and enter all numbers as a positive.) i Data Table -X Click on the following icon for the income statement in order to copy its contents into a spreadsheet. Click on the following icon for the balance sheet 9. in order to copy its contents into a spreadsheet. Income Statement ($ million) Balance Sheet ($ million) Net Sales 185.5 Assets Costs Except Depreciation .7 Cash EBITDA 9.8 Accounts Receivable Depreciation and Amortization - 1.2 Inventories EBIT 8.6 Total Current Assets Interest Income (expense) -1.7 Net Property, Plant, and Equipment Pre-tax Income 6.9 Total Assets Taxes (25%) -1.7 Net Income 5.2 Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 23.1 18.6 15.6 57.3 113.6 170.9 35.8 112.6 148.4 22.5 170.9