Can you fill out Statement of retained earnings and statement of cash flows? This is all the information from the excel.

Statement of Retained Earnings			Year 1	Year 2
Beginning retained earnings
+Net Income
-dividends
Ending retained earnings
Statement of Cash Flows
			Year 1	Year 2
Net Income
+ Depreciation
+ (increase) decrease in A.R.
+ (increase) decrease in inventory
+ (increase) decrease in prepaid exp.
+ increase (decrease) in A.P.
+ increase (decrease) in accrued taxes
+ increase (decrease) in deferred taxes
=Cash Flow from operations
+ (increase) decrease in marketable sec.
+ (increase) decrease in PPE
=Cash Flow from investing
+ increase (decrease) in loans and notes.
+ increase (decrease) in LTD
+ increase (decrease) in common stock
- dividends
- treasury stock
=Cash flow from financing
Beginning cash
+Change in cash
Ending cash

Create pro forma financial statements from the information provided below
Year 1
Sales revenues increase 3.5%
Gross margin is 50%
SG&A increases 1.2%
$2000 of PP&E is purchased on January 1,
New PP&E is depreciated over 10 years
Inventory grows in line with COGS
Assume that all other asset accounts grow in line with sales (3.5%).
Accounts Payable grow in line with COGS
Accrued and deferred income taxes grows in line with taxes.
Long-term debt declines by $200
Unless otherwise stated, liability accounts grow in line with sales (3.5%)
Treasury Stock purchases equal $300
Average interest cost of all interest bearing debt is 1.6%
Dividend payout ratio is 22%
Tax rate is 35%
Funding requirements should be financed with short-term debt
Y2
Sales revenue decline by 2.0%
Gross margin declinesto 48%
Inventory grows in line with COGS
SG&A declines by 1%
$800of PP&E is sold on January 1 for $600 cash. (Gross =$800, Accumulated depreciation = $200)
Annual depreciation expense declines by $ 80
Assume that all other asset accounts grow in line with sales. (-2.0%)
Accounts Payable grow in line with COGS
Long-term debt declines by $150
Accrued and deferred income taxes grows in line with taxes.
Unless otherwise stated, liability accounts grow in line with sales (-2.0%)
Treasury Stock purchase is $100.
Average interest cost of all interest bearing debt is 1.8%
Dividend payout ratio changes to 25%
Tax rate is 35%
Funding requirements should be financed with short-term debt
Excess cash is used to retire short-term debt
100 shares of $1 par value common stock is issued for $300.
Do not add significant amounts to cash unless Loans & notes payable is drawn down to zero.

Income Statement
		Year 0	Year 1	Year 2
Revenues		17,000	17,595	17,243
Cost of goods sold		9,200	9,522	9,332
Gross profit		7,800	8,073	7,911
SG&A		4,790	4,846	4,797
Depreciation		1,700	1,700	1,620
Operating Profit		1,310	1,527	1,494
Interest expense		155	24	27
Income before taxes		1,155	1,503	1,467
Taxes @35%		404	526	514
Net Income		751	977	953
Dividends		225	215	238
Addition to retained earnings		526	762	715

Balance Sheet
Assets
		Year 0	Year 1	Year 2
Cash and cash equivalents		640	640	640
Marketable securities		28	28	28
Accounts Receivables		8,200	8,487	8,317
Inventory		3,142	3,480	3,480
Prepaid expen. & other assets		1,323	1,369	1,342
Total Current Assets		13,333	14,004	13,807
Plant property and equipment (gross)		7,607	7,607	7,607
Accumulated Depreciation		3,000	3,200	3,320
PP&E (net)		4,607	6,407	5,487
Total Assets		17,940	20,411	19,294

Liabilities & Shareholders' Equity
		Year 0	Year 1	Year 2
Accounts payable		3,148	3,470	3,280
Loans & notes payable (plug)		2,923	3,923	4,113
Accrued income taxes		1,322	1,444	1,432
Total Current Liabilities		7,393	8,837	8,825
Long-term debt		2,300	2,100	1,950
Defered income taxes		195	317	305
Shareholders' Equity
Common Stock at par		860	860	960
Capital Surplus		863	863	863
Retained earnings		6,429	7,191	7,906
Less treasury stock		(100)	(200)	(300)
Total equity		8,052	8,714	9,429
Total liabilities & shareholder equity		17,940	19,968	20,509