Adjust the Cash Balance We obtain the following 2020 forecasts of selected financial statement line items for Journey Company. Net Sales $ millions Marketable securities Long-term debt Treasury stock (deducted from equity) Cash generated by operations 2019 Actual 2020 Est. $602,271 $629,373 57,032 52,782 294,574 262,171 43,498 43,498 Cash used for investing Cash used for financing 49,042 (12,672) (46,461) (10,091) Total net change in cash Cash at beginning of period Cash at end of period 43,470 $33,379 Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. a. Does forecasted cash deviate from the normal level for this company? Calculate the company's normal cash level as a percentage of sales. Normal cash as a % of sales % Using the answer above, compute what should be the normal cash balance for FY2020. Normal cash balance for FY2020 $ b. Is the deviation in part a large enough to require adjustment? Explain. c. Identify three ways to adjust the forecasted cash balance. Which option would least likely be used to adjust the cash balance? = d. Complete the following statement of cash flows assuming long-term debt is used to adjust the forecasted cash balance. Statement of Cash Flows Cash generated by operations $ Cash used for investing Cash used for financing Total change in cash Cash at beginning of period Cash at end of period $ e. Complete the following statement of cash flows assuming marketable securities are used to adjust the forecasted cash balance. Statement of Cash Flows Cash generated by operations $ Cash used for investing Cash used for financing Total change in cash Cash at beginning of period Cash at end of period $