At the most recent strategic planning meeting, the board of directors of Walmart has voted to issue additional stock to raise capital for major expansions for the company in the next five years (Beginning with the 2020 Annual Report, statements start on page 50). The board is considering $5 billion. Take the most recent financial statements and prepare a set of projected financial statements based on the given assumptions. The CEO requests that you prepare a written report (including the financial statements) for him.

1. Generate a projected income statement based on the given scenario.
2. Generate a projected statement of retained earnings based on the given scenario.
3. Generate a projected balance sheet based on the given scenario.io.
4. Generate a projected cash flow statement based on the given scenario.