Complete the model and state the cash balance required to balance the balance sheet in Year 1.

Assumptions	Year 0	Year 1
Investments growth		5.0
Accounts payable % net income		50.0%
Long term debt increase (decrease)		1.0
Income statement	Year 0	Year 1
Net income	12.0	14.0
Balance sheet	Year 0	Year 1
Cash	12.0
Investments	60.0
Total assets	72.0
Accounts payable	12.0
Long term debt	20.0
Equity	40.0
Total liabilities and equity	72.0
Check	OK
Cash flow statement
Net income
Increase (decrease) in accounts payable
Cash flow from operations
(Increase) decrease in investments
Cash flow from investing activities
Inc (dec) in long term debt
Cash flow from financing activities
Beginning cash
Net cash flow
Ending cash	12