Jim's Espresso expects sales to grow by 9.6% next year. Using the following statements and the percent of sales method, forecast: a. Costs b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment (Note: Make sure to round all intermediate calculations to at least five decimal places.) 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 The forecasted costs will be $ (Round to the nearest dollar and enter all numbers as positive.) 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 in order to copy its contents into a spreadsheet. Income Statement Balance Sheet Sales $198,020 Assets Costs Except (100,680) Cash and Equivalents Depreciation $15,100 EBITDA $97,340 Accounts Receivable 2,010 Depreciation (6,020) Inventories 4,070 EBIT $91,320 Total Current Assets $21,180 Interest Expense (net) Property, Plant, and (440) Equipment 9,970 Pre-tax Income $90,880 Total Assets $31,150 Income Tax (22,720) Net Income $68,160 Liabilities and Equity Accounts Payable $1,560 Debt 4,020 Total Liabilities $5,580 Stockholders' Equity 25,570 Total Liabilities and $31,150 Equity