Use the following Income Statement and Balance Sheet of firm X to answers Questions (1) & (2)

Income Statement, 2016			Balance Sheet, 2017
Sales	4,005,000		Assets
Costs except Depr.	-2,995,000		Cash and Equivalents	496,000
EBITDA	1,010,000		Accounts Receivable	660,000
Depreciation	-9,900		Inventories	20,000
EBIT	1,000,100		Total Current Assets	1,176,000
Interest Expense (net)	-40,500		Property Plant & Equipment	1,190,000
Pretax Income	959,600		Total Assets	2,366,000
Income Tax	-335,860		Liabilities &Equity
Net Income	623,740		Accounts Payable	600,000
			Debt	650,000
			Total Liabilities	1,250,000
			Stockholders' Equity	1,116,000
			Total Liabilities and Equity	2,366,000

Sales in 2017 are expected to grow at a rate of 12.5% with respect to the values of 2016. Assume the company pays out 65% of its net income.

QUESTION 1

1. Use the percent sales method to forecast the value of next years stockholders equity for firm X.

QUESTION 2

2. Use the percent sales to estimate the firms net new financing for firm X.

Please only do if u can do it correctly. use word in table would be helpful