Save Homework: Chapter 18 Homework Score: 0 of 1 pt P 18-5 (similar to) 4 of 11 (4 complete) HW Score: 36.36%, 4 of 11 pts Question Help and the percent of sales method to forecast: Jim's Espresso expects sales to grow by 10.5% next year. Assume that Jim's pays out 81% of its net income. Use the following statements 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. Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT $208,140 (100,070) $108,070 (5,920) $102,150 (530) Balance Sheet Assets Cash and Equivalents Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $15,020 1,950 4,060 $21,030 10,100 Interest Expense (net) $31,130 Pre-tax Income Income Tax Net Income $101,620 (35,567) $66,053 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and $1,580 4,040 $5,620 25,510 $31,130 Equity