Question 16 Tim's Mocha expects sales to grow by 7% next year. Using the following statements and the percent of sales method, forecast the following. (Round to the nearest dollar.) a. Costs Except Depreciation b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment Answer by filling in the blanks. Round to the nearest dollar. Income Statement Sales This Year Forecast $400,000 - Costs Except Depreciation 300,000 EBITDA 100,000 - Depreciation 40.000 60.000 EBIT - Interest Expense (net) Pretax Income - Income Tax (35%) 1,600 58,400 23,360 Net Income $35,040 Balance Sheet This Year Forecast Assets $ Cash and Equivalents $8,000 Accounts Receivable 32,000 Inventories 12,000 Total Current Assets 52,000 48,000 Property, Plant and Equipment Total Assets $100,000 Liabilities and Equity Accounts Payable $36,000 Debt 16,000 Total Liabilities 52.000 Stockholders' Equity 48,000 Total Liabilities and Equity $100,000 Question 16 Tim's Mocha expects sales to grow by 7% next year. Using the following statements and the percent of sales method, forecast the following. (Round to the nearest dollar.) a. Costs Except Depreciation b. Depreciation c. Net Income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment Answer by filling in the blanks. Round to the nearest dollar. Income Statement Sales This Year Forecast $400,000 - Costs Except Depreciation 300,000 EBITDA 100,000 - Depreciation 40.000 60.000 EBIT - Interest Expense (net) Pretax Income - Income Tax (35%) 1,600 58,400 23,360 Net Income $35,040 Balance Sheet This Year Forecast Assets $ Cash and Equivalents $8,000 Accounts Receivable 32,000 Inventories 12,000 Total Current Assets 52,000 48,000 Property, Plant and Equipment Total Assets $100,000 Liabilities and Equity Accounts Payable $36,000 Debt 16,000 Total Liabilities 52.000 Stockholders' Equity 48,000 Total Liabilities and Equity $100,000