Analyze, Forecast, and Interpret Income Statement and Balance Sheet Following are the income statement and balance sheet of ADP Inc. DATA PROCESSING INC. Balance Sheet $ millions June 30, 2019 Current assets - CAPEX for 2020 will be 1.1% of total revenue, and depreciation will be $184.4 million. - Goodwill, long-term debt, preferred stock, common stock, and Accumulated other comprehensive loss will not change for the year. - The company will acquire intangibles equal to 2.9% of total revenues and will record amortization expense of $276.1 million. - Income taxes will be 25% of pretax income and income taxes payable will be 7.7% of 2020 tax expense. - The company will continue its stock repurchases. DP will repurchase $750 million of treasury stock. - Dividends will be $1,389.40 in 2020, and dividends payable will be 26.3% of dividends. Prepare a forecast of FY2020 statement of cash flows. Note: Round your answers to one decimal place (for example, enter 14.6 for 14.55555 ). Analyze, Forecast, and Interpret Income Statement and Balance Sheet Following are the income statement and balance sheet of ADP Inc. DATA PROCESSING INC. Balance Sheet $ millions June 30, 2019 Current assets - CAPEX for 2020 will be 1.1% of total revenue, and depreciation will be $184.4 million. - Goodwill, long-term debt, preferred stock, common stock, and Accumulated other comprehensive loss will not change for the year. - The company will acquire intangibles equal to 2.9% of total revenues and will record amortization expense of $276.1 million. - Income taxes will be 25% of pretax income and income taxes payable will be 7.7% of 2020 tax expense. - The company will continue its stock repurchases. DP will repurchase $750 million of treasury stock. - Dividends will be $1,389.40 in 2020, and dividends payable will be 26.3% of dividends. Prepare a forecast of FY2020 statement of cash flows. Note: Round your answers to one decimal place (for example, enter 14.6 for 14.55555 )