28% Blackboard 12:40 AM Sun 20 Mar Partial forecasts of financial statements for Watson Corporation appear in Exhibit (1.1: Income Statement), Exhibit (1.2: Balance Sheet), and Exhibit (1.3: Statement of Cash Flows). Selected amounts have been omitted, as have all totals (indicated by XXXX). Exhibit (1.1) Watson Corporation Partial Income Statements Year 0 Year +1 Year +2 Year +3 Year -4 Actual $ 46,000 (29,900) (10,580) Projected Projected Projected Projected $ 50,600 $ 56,672 $ 64,606 $ 74,943 (32,890) XXXX (40,702) (46,465) (11,638) (12,468) (13,567) (14,989) Sales Cost of goods sold Selling and administrative expenses Interest expense Income taxes Net income (3,907) (565) $ XXXX (4,298) (621) S XXXX D (1,372) $ xxxx (3,866) (2,265) $ XXXX (5,227) (2,892) S xox Exhibit(1.2) Watson Corporation Partial Balance Sheets Year o Year +1 Year +2 Year +3 Year 4 Actual Projected Projected Projected Projected $ 1,200 8,000 7,500 $ 664 8,433 8,223 $ 206 8,855 $ 416 10,420 10,711 $ 1,262 12,286 11,333 F 110,400 (33,100) $ XXXX 120,445 (36,112) $ XXXX 126,467 (37,917) $ XXXX (45,352) $ xxxx 169,895 (50,938) $ XOOX Assets Cash Accounts receivable Inventories Fixed assets Cost Accumulated depreciation Total Assets Liabilities and Shareholders Equity Accounts payable Notes payable Other current liabilities Long-term debt Total Liabilities Common stock Retained earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 2,500 $ 2,801 6,500 6,852 3,300 3,630 45,000 49,094 $ XXXX $ XXXX $ 15,000 $17,233 21,700 22,043 $ XXXX $ XXXX $ XXXX S XXXX $ 3,107 7,195 E 51.549 $ XXXX $ 17,539 23,700 $ xxxx $ 3,376 8,467 4,635 H $ xxxx $ 22,434 G $ xxxx $ 3,828 9,982 5,376 69,251 $ xoxox $ 24,319 31,082 $ xocx $ XXXX $ xxxx $ xox FYhh Blackboard 12-40 AM Sun 20 Mar