Noah's Ark Video Games expects sales to grow by 25% next year. Assume that it pays out 95% of its net income. Using the following statements and the percent of sales method forecast Stockholders' Equity Year 0 320,000 Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT Interest Expense (net) (150,000) 170,000 (15,000) 155,000 (3,000) 152,000 (53,200) 98,800 Pretax Income Income Tax Net Income Year 0 Balance Sheet Assets Cash and Equivalents Accounts Receivable 25,000 12,000 Inventories Total Current Assets Property, Plant and Equipment Total Assets 5,000 42,000 120,000 162,000 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity 45,000 48,000 93,000 69,000 162,000 69,000 75 175 75.199 104250