Please answer A and B$.$ Thank you. Use the following income statement and balance sheet for the current year for Jim's Espresso. Jim's Espresso expects sales to grow by $10\mathrm{.}3\%$ next year. Assume that Jim's

pays out $81\mathrm{.}6\%$ of its net income and interest expense will remain cons ${?}^{}$

$($Click the icon to view the income statement.$)$

$($Click the icon to view the balance sheet.$)$

Use the percent of sales method to forecast the following:

a$.$ Shareholders' equity

b$.$ Accounts payable.

a$.$ Shareholders' equity

The new shareholders' equity will be $$,.($Round to the nearest dollar.

b$.$ Accounts payable

The forecasted accounts payable will be $$,($Round to the nearest dd

Income Statement

Click the icon located on the top$-$right corner of the data table below to copy the contents into

spreadsheet.

Balance Sheet

Assets

Cash and Equivalents $$15,080$

Accounts Receivable $2,080$

Inventories $3,960$

Total Current Assets $$21,120$

Property, Plant and Equipment $9,910$

Total Assets $$31,030$

Liabilities and Equity

Accounts Payable $$1,600$

Debt $4,090$

Total Liabilities $$5,690$

Shareholders' Equity $25,340$

Total Liabilities and Equity $$31,030$