Analyze, Forecast, and Interpret income Statement and Balance Sheet Following are the income statement and balance sheet of ADP inc Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces helow with two decimal places AUTOMATIC DATA PROCESSING INC. Balance Sheet $ millions June 30,2019 Current assets \begin{tabular}{|l|r|} \hline Cash and cash equivalents & $1,598.0 \\ \hline Accounts receivable, net & 2,439.3 \\ \hline Other current assets & 519.6 \\ \hline Total current assets before funds held for clients & 4,556.9 \\ \hline Funds held for clients & 24,136.0 \\ \hline Total current assets & 28,692.9 \\ \hline Long-term receivables, net & 23.8 \\ \hline Property, plant and equipment, net & 627.0 \\ \hline Capitalized contract cost, net & 2,428.5 \\ \hline Other assets & 934.4 \\ \hline Goodwill & 2,323.0 \\ \hline Intangible assets, net & 1,071.5 \\ \hline Total assets & $36,101.1 \\ \hline Current liabilities & \\ \hline Accounts payable & $125.5 \\ \hline Accrued expenses and other current liabilities & 1,442.0 \\ \hline Accrued payroll and payroll-related expenses & 721.1 \\ \hline Dividends payable & 279.0 \\ \hline Short-term deferred revenues & 220.7 \\ \hline Obligations under reverse repurchase agreements & 262.0 \\ \hline Income taxes payable & 54.8 \\ \hline Total current liabilities before client funds obligations & 3,105.1 \\ \hline Client funds obligations & 23,898.0 \\ \hline Total current liabilities & 27.003 .1 \\ \hline Long-term debt & 2,002.2 \\ \hline Other liabilities & 655.0 \\ \hline Deferred income taxes & 659.9 \\ \hline Long-erm deferred revenues & 399.3 \\ \hline Total liabilities & 30,719.5 \\ \hline Shareholders' equity & \\ \hline \end{tabular} Shareholders' equity Preferred stock 51 on nar value Authorized 0 z shares issued none Forecast ADPs 2020 income statement and balance sheet using the following relations (\$ millions). Note: Complete the entire question in Excel (template provided above). Using Excel, format each answer to two decimal places. Use Increase Decimal or Decrease Decimal to adjust decimal places. Do not round answers. Then enter the answers into the provided spaces below with two decimal places - Note: Use negative signs with answers, when appropriate. AUTOMATIC DATA PROCESSING INC. Statement of Consolidated Earnings For Year Ended June 30, 2020, 5 millions \begin{tabular}{|l|r|} \hline Total revenues & $13,135.12 \\ \hline Operating expenses & 0 \\ \hline Systems development and programming costs & 636.3 \\ \hline Depreciation and amortization & 0 \\ \hline Total cost of revenues & 0 \\ \hline Selling general, and administrative expenses & 0 \\ Interest expense & 0 \\ \hline Total expenses & 0 \\ \hline Other (income) expense, net & 0 \\ \hline Earnings before income taxes & 0 \\ \hline Provision for income taxes & 0 \\ \hline Net earnings & 0 \\ \hline \end{tabular} AUTOMATIC DATA PROCESSING INC. ealance sheet 5 millions June 30,2020 Currentassets Cash and cash equivalents Accounts receivable, net Other current assets Total current assets before funds held for clients Funds held for dients Total current assets Longiterm receivables, net Property, plant and equipment, net Copitalized contract cost, net Other assets Goodwill Intangble assets, net Total osses C Current labaties Analyze, Forecast, and Interpret income Statement and Balance Sheet Following are the income statement and balance sheet of ADP inc Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces helow with two decimal places AUTOMATIC DATA PROCESSING INC. Balance Sheet $ millions June 30,2019 Current assets \begin{tabular}{|l|r|} \hline Cash and cash equivalents & $1,598.0 \\ \hline Accounts receivable, net & 2,439.3 \\ \hline Other current assets & 519.6 \\ \hline Total current assets before funds held for clients & 4,556.9 \\ \hline Funds held for clients & 24,136.0 \\ \hline Total current assets & 28,692.9 \\ \hline Long-term receivables, net & 23.8 \\ \hline Property, plant and equipment, net & 627.0 \\ \hline Capitalized contract cost, net & 2,428.5 \\ \hline Other assets & 934.4 \\ \hline Goodwill & 2,323.0 \\ \hline Intangible assets, net & 1,071.5 \\ \hline Total assets & $36,101.1 \\ \hline Current liabilities & \\ \hline Accounts payable & $125.5 \\ \hline Accrued expenses and other current liabilities & 1,442.0 \\ \hline Accrued payroll and payroll-related expenses & 721.1 \\ \hline Dividends payable & 279.0 \\ \hline Short-term deferred revenues & 220.7 \\ \hline Obligations under reverse repurchase agreements & 262.0 \\ \hline Income taxes payable & 54.8 \\ \hline Total current liabilities before client funds obligations & 3,105.1 \\ \hline Client funds obligations & 23,898.0 \\ \hline Total current liabilities & 27.003 .1 \\ \hline Long-term debt & 2,002.2 \\ \hline Other liabilities & 655.0 \\ \hline Deferred income taxes & 659.9 \\ \hline Long-erm deferred revenues & 399.3 \\ \hline Total liabilities & 30,719.5 \\ \hline Shareholders' equity & \\ \hline \end{tabular} Shareholders' equity Preferred stock 51 on nar value Authorized 0 z shares issued none Forecast ADPs 2020 income statement and balance sheet using the following relations (\$ millions). Note: Complete the entire question in Excel (template provided above). Using Excel, format each answer to two decimal places. Use Increase Decimal or Decrease Decimal to adjust decimal places. Do not round answers. Then enter the answers into the provided spaces below with two decimal places - Note: Use negative signs with answers, when appropriate. AUTOMATIC DATA PROCESSING INC. Statement of Consolidated Earnings For Year Ended June 30, 2020, 5 millions \begin{tabular}{|l|r|} \hline Total revenues & $13,135.12 \\ \hline Operating expenses & 0 \\ \hline Systems development and programming costs & 636.3 \\ \hline Depreciation and amortization & 0 \\ \hline Total cost of revenues & 0 \\ \hline Selling general, and administrative expenses & 0 \\ Interest expense & 0 \\ \hline Total expenses & 0 \\ \hline Other (income) expense, net & 0 \\ \hline Earnings before income taxes & 0 \\ \hline Provision for income taxes & 0 \\ \hline Net earnings & 0 \\ \hline \end{tabular} AUTOMATIC DATA PROCESSING INC. ealance sheet 5 millions June 30,2020 Currentassets Cash and cash equivalents Accounts receivable, net Other current assets Total current assets before funds held for clients Funds held for dients Total current assets Longiterm receivables, net Property, plant and equipment, net Copitalized contract cost, net Other assets Goodwill Intangble assets, net Total osses C Current labaties