ces whether or not to repay any principal on the loan. She remembers a bit about budgeting from a survey of accor and thinks the results from their first two months in business can be extended over the next 10 months to prepa need. They estimate the cart will last at least five years, after which they expect to sell it for $4,000 and move c their lives. Maria agrees to prepare a forecasted (pro forma) income statement, balance sheet, and statement o first year in business, which includes the two months already passed. Required a. Prepare the annual pro forma financial statements that you would expect Maria to prepare based on her com expectations for the business. Assume no principal will be repaid on the loan. Complete this question by entering your answers in the tabs below. Income Statement Prepare the budgeted balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. Budgeted Balance Sheet Assets Cash Food cart Accumulated depreciation Total assets Liabilities Cash Flows Balance She