Jim's Espresso expects sales to grow by 9.7% 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. i Data Table Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet. Income Statement Sales $190,050 Costs Except (100,450) Depreciation EBITDA $89,600 $15,090 1,910 Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets Depreciation (6,020) 3,940 EBIT $83,580 $20,940 (230) 10,060 Interest Expense (net) Pre-tax Income Income Tax $31,000 $83,350 (29,173) Net Income $54,177 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity $1,570 3,940 $5,510 25,490 Print Done