Jim's Espresso expects sales to grow by 9.8% next year. Assume that Jim's pays out 88.3% of its net income. Use the following statements and the percent of sales method to forecast: a. Stockholders' equity b. Accounts payable 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. Data Table Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet Balance Sheet $196,320 Assets (99,350) Cash and Equivalents $14,980 Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT $96,970 (5,930) $91,040 Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets 2,020 4,000 $21,000 Interest Expense (net) (590) 10,080 $31,080 Pre-tax Income Income Tax Net Income $90,450 (31,658) $58,792 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,510 4,010 $5,520 25,560 $31,080 Print Done