Global Corp, expects sales to grow by 7% next year. Using the percent of sales metho the data provided in the given tables forecast a Costs except depreciation b. Depreciation Accounts receivable invertory c. Net income d. Cash Property, plant, and equipment h Accounts payable (Note: Interest expense will not change with a change in sales. Tax rate 20%) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures) Howe of standard depreciation practices during your career a. Costs except depreciation The forecasted costs except depreciation will be 5 million (Round to one decimal place and enter all numbers as a positive) ciation forecasting in this chapter and in these problems in antipation of the Income Statement ($ million) Net Sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Pre-tax Income Taxes (26%) Net Income 185.3 - 175.6 9.7 -1.2 8.5 -7.7 0.8 -0.2 0.6 Balance Sheet ($ million) Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 23.8 18.1 15.7 57.6 112.1 169.7 33.8 113.6 147.4 22.3 169.7 10