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Score: 0 of 1 pt 1 of 22 (0 complete) HW Score: 0%, 0 of 22 pts P 18-1 (similar to) Question Help Your company has sales of $97,600 this year and cost of goods sold of 565,100. You forecast sales to increase to $118,600 next year. Using the percent of sales method, forecast next year's cost of goods sold, 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. The forecasted cost of goods sold (COGS) is $ (Round to the nearest dollar) 2 of 22 (0 complete) Score: 0 of 1 pt P 18-2 (similar to) HW Score: 0%, 0 of 22 pts Question Help For the next fiscal year, you forecast net income of $48,300 and ending assets of $502,300. Your firm's payout ratio is 10.4%. Your beginning stockholders' equity is $297 700 and your beginning total liabilities are $119,200. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,500. What is your net new financing needed for next year? 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 retum of standard depreciation practices during your career. The net financing required will be $. (Round to the nearest dollar)