I need to know how to solve for below:

For the next fiscalyear, you forecast net income of $ 50,000 and ending assets of $500,000. Yourfirm's payout ratio is 10.0%. Your beginningstockholders' equity is $300,000 and your beginning total liabilities are $120,000. Yournon-debt liabilities such as accounts payable are forecasted to increase by $10,000. Assume your beginning debt is $100,000. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep yourdebt-equity ratioconstant?

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.

The amount of equity to issue will be:

The amount of debt to issue will be: