use the following Information on company y and perform Ano- forma financial Madeling using a fencentage selis method to Answers the next two questions. Sales in 2016 are le expected to at a note of 9% with respect to the values of 2019. Assume the company pays out 55% of its net Incone 37 frow Thome statement, 2019 5: Total current Assets that sale 7.000.000 costs eclect Defe.- 3500.000 EBITDA 3,500,ooo Depreciation 10,900 FAIT 9.489.100. Intenest exp 100, 500 Gret) Pretax Income 3 388,600 Income Tax - 1,186,010 Net Income 2,202.590 Total Assets Balance sheet, 2018 Assels cash and Equilla 1.156000 Account Receivade 960.000 Inventories 90.000 2,206,000 Aro Party Plant & Equip 2 190.000 499.000 Liability & Equity Account loyable - 11000/000 Debt 950.000 Total Liability 19,50,000 stockholden's Equity 2446.600 Total Liabilities and 4396.00 Equity 1. Use the Pencent sales method to forecast the value of next Year's stock holder's Equity for firm X. 2. Use the Percent sales method to estimate the firms Rood net new financing for firm X