FOR THE FOLLOWING PROBLEMS, USE EXHIBIT A. FOR EXHIBIT A, THE AMOUNT OF SALES DEPENDS ON THE PRODUCTION VOLUME SHOWN BELOW. THE DIVIDEND POLICY IS TO PAY 34% IN DIVIDENDS.

a) WHAT WILL BE THE DEPRECIATION FOR 2023?

b) WHAT WILL BE THE CASH AND EQUIVALENTS FOR 2020?

c) WHAT WILL BE THE ACCOUNTS PAYABLE FOR 2021?

d) IMAGINE THAT THE CORPORATION DECIDES TO USE DEBT FOR ANY EXTERNAL FINANCING, WHAT WOULD BE THE AMOUNT OF DEBT IN 2020? IF NO NET NEW FINANCING IS NEEDED, ANSWER WITH NEGATIVE NUMBER.

Integrated Financial Statements Exhibit A: Pro Forma Financial Statements 2019 2020 2021 2022 2023 Income Statement 2024 1 Sales Revenue $ 45,000.00 2 less: Cost of Goods Sold $ 36,900.00 3 EBITDA $ 8,100.00 4 Jess: Depreciation Expono S 4,500.00 5 EBIT $ 3,600,00 6 800.00 Noss: Interest and Other Experten 7 PRE-TAX INCOME loss: Income Tax 5 2,800.00 5 1.120.00 9 NET INCOME $ 1,680.00 $ Production Volume (000s units + Market Size 2 Market Share 3 Production Volume Market Size X Market Sharo) 4 Average Sales Price 10,000.00 10.00% 1000.00 $45.00 10,500.003 11.025.00 5 11.576,263 12.155.063 1270262 (10 (012) 21% (10+2'D1249% (101301276133 10+4012)+B%10-570124101% $45.00 $46,82 347,75 $48.71 $4150 D-7