Complete the model and state the cash balance required to balance the balance sheet in Year 1. Assumptions Year 0 Year 1 Investments growth 6.0 Accounts payable % net income 30.0% Long term debt increase (decrease) 2.0 Income statement Net income Balance sheet Cash Investments Total assets Accounts payable Long term debt Equity Total liabilities and equity Check 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 Select one: 12.8 28.8 43.2 16.8 Year 0 14.0 16.0 Year 0 Year 1 14.0 66.0 80.0 14.0 22.0 44.0 80.0 OK Year 1 14.0