Amounts are in thousands of dollars (except number of shares and price per share): Kiwi Fruit Company Balance Sheet Cash and equivalents Operating assets Property, plant, and 570 650 2,700 equipment Other assets 110 4,030 Total assets $920 Current liabilities Long-term debt Other liabilities 1,280 120 2,320 Total liabilities Paid in capital $ 340 1,370 Retained earnings Total equity Total liabilities and equity $1,710 4,030 $ Kiwi Fruit Company Income Statement Net sales Cost of goods sold $ 7,800 (5,900) Gross profit Operating expense $ 1,900 (990) Operating income 910 Other income 105 Net interest expense (200) Pretax income Income tax $ 815 (285) Net income $530 Earnings per share Shares outstanding Recent price $2.00 265,000 $34.50 Kiwi Fruit Company Cash Flow Statement Net income Depreciation and amortization Changes in operating assets Changes in current liabilities $530 175 (90) (120) Operating cash flow $ 495 Net additions to properties $180 Changes in other assets Investing cash flow Issuance/redemption of long-term Dividends paid Financing cash flow (8O $100 S (190) (220) $ (410) debt Net cash increase $ 185 Prepare a pro forma income statement, balance sheet, and cash flow statement for Kiwi Fruit assuming a 10 percent increase in sales. (Leave no cells blank-be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Input all amounts as thousands of dollars. Round earnings per share to 2 decimal places. Omit the "$" sign in your response.) Kiwi Fruit Company Pro Forma Income Statement $8580C Net sales 6490 Cost of goods sold Gross profit Operating expense $2090 1089 Operating income Other income Net interest expense $ | 11001 105 220 $896.5 -313.5 Pretax income Income tax Net income $583 Earnings per share Shares outstanding $ 2.20 x 291.5 Kiwi Fruit Company Pro Forma Cash Flow Statement Net income Depreciation and amortization Changes in operating assets Changes in current liabilities $ 583 [1925] 99x 132 $ | 544.5 | Operating cash flow Net additions to property Changes in other assets $198 Investing cash flovw $1 110 Issuance/redemption of long-term Dividends paid Financing cash flow $-209 242 debt 451 $203.5 Net cash increase Kiwi Fruit Company Pro Forma Balance Sheet $ | 62710 Cash and equivalents Operating assets Property, plant, and equipment Other assets 715 2790 121 Total assets $ 4433 Current liabilities Long-term debt Other liabilities $1012 1408 132 Total liabilities Paid in capital Retained earnings $ 2552 $ 374 1507 $ 1881 Total equity Total liabilities and equity $ 4433 0
