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P 18-5 (similar to) Question Help and the percent of sales method to forecast: Jim's Espresso expects sales to grow by 10.2% next year. Assume that Jim's pays out 85.4% 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. a. Stockholders' equity The new stockholders' equity will be $ . (Round to the nearest dollar.) Question Viewer Data Table Click on the icons located on the top-right corners of the data tables below to copy their contents into a spreadsheet Balance Sheet Assets Cash and Equivalents Income Statement Sales Costs Except Depreciation EBITDA Depreciation EBIT $207,800 (100,970) $106,830 (6,080) $100,750 (520) $100,230 (35,081) $65, 149 Accounts Receivable Inventories Total Current Assets Property, Plant, and Equipment Total Assets $14,930 2,030 4,040 $21,000 Interest Expense (net) 10,070 $31,070 Pre-tax Income Income Tax Net Income Liabilities and Equity Accounts Payable Debt Total Liabilities Stockholders' Equity Total Liabilities and Equity $1,470 4,090 $5,560 25,510 $31,070 Print Done