Based on Jim's expectation of 9.7% sales growth and payout ratio of 85.34% of net income next year, Jim developed the pro forma financial statements given below What is the amount of net new financing needed for Jim's Espresso? Click on the icon located on the top-right corner of the data table below to copy its contents into a spreadsheet Pro Forma Financial Statements Income Statement Balance Sheet Sales $221,693 Assets Costs Except Depreciation (108,987) Cash and Equivalents $16,387 EBITDA $112,706 Accounts Receivable 2.216 Depreciation (6,549) Inventories 4.443 EBIT $106,157 Total Current Assets $23,026 Interest Expense (net) (307) Property. Plant, and Equipment 10,926 (Select from the drop-down menu.) The total new financing will be s (Round to the nearest dollar) 10.920 $33.952 Interest Expense (not) (307) Property, Piant, and Equipment Pre-tax Income $105,850 Total Assets Income Tax (37,048) Net Income $68.802 Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity 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 (Solect from the drop-down monu) The total now financing will be s (Round to the nearest dollar) $1,656 4,100 $5,756 $34,738 $40,494