Complete this question by entering your answers in the tabs below. Requir... Rec Prepare a pro forma income statement for the quarter. Camden Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, year 1. The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks. g. Camden borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $6,000 cash cushion. Prepare a cash budget. h. Prepare a pro forma income statement for the quarter. i. Prepare a pro forma balance sheet at the end of the quarter. j. Prepare a pro forma statement of cash flows for the quarter. Complete this question by entering your answers in the tabs below. Camden borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 1 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $6,000 cash cushion. Prepare a cash budget. (Any repayments should be indicated with a minus sign.) Complete this question by entering your answers in the tabs below. Prepare a pro forma balance sheet at the end of the quarter. (Amounts to be deducted should be indicated by a minus sign.) CAMDEN COMPANY Pro Forma Statement of Cash Flows For the Quarter Ended December 31, Year 1 \begin{tabular}{|l|l|l|} \hline Cash flows from operating activities & & \\ \hline Cash receipts from customers & & \\ \hline Cash payments for inventory & & \\ \hline Cashpaymentsforsellingandadministrativeexpenses & & \\ \hline Net cash flows from operating activities & & \\ \hline Cash flows from investing activities & & $ \\ \hline Cash payment for store fixtures & & \\ \hline Cash flow from financing activities & & \\ \hline Net inflow from line of credit & & \\ \hline Net increase in cash & & \\ \hline Plus: Beginning cash balance & & \\ \hline Ending cash balance & & $ \\ \hline \end{tabular}