For the following problems, use Exhibit A. For exhibit A, the amount of sales depends on the production volume shown below. Construct the Production volume table.

1. What will be the depreciation for 2024?

2. What will be the cash and equivalents for 2022?

3. What will be the accounts payable for 2023?

4. Imagine that the corporation decides to use debt for any external financing, what would be the amount of debt in 2020?

Production volume (000s units)
1. 1	Market Size	$ 10,000.00	$ 10,500.00	$ 11,025.00	$ 11,576.25		$ 12,155.06			$ 12,762.82 2
2	Market Share	10.00%	15%	20%	25%	30%			35%
3	Production Volume (Market Size X Market Share)	1000.00
4	Average Sales Price	$45.00	45.90	$46.82	$47.75	$48.71			$49.68

Integrated Financial Statements Exhibit A: Pro Forma Financial Statements 2019 2020 2021 2022 2023 2024 Income Statement 1 Sales Revenue 45,000.00 2 less: Cost of Goods Sold 36,900.00 3 EBITDA 8,100.00 4,500.00 4 less: Depreciation Expense 5 EBIT 3,600.00 6 less: Interest and Other Expenses 800.00 7 PRE-TAX INCOME 2,800.00 8 less: Income Tax 1,120.00 9 NET INCOME 1,680.00 Integrated Financial Statements Exhibit A: Pro Forma Financial Statements 2019 2020 2021 2022 2023 2024 Balance Sheet 1 ASSETS 2 Cash and Equivalents 7,200.00 3 Accounts Receivable 6,300.00 4 Inventory 7,650.00 5 CURRENT ASSETS 21,150.00 29,700.00 6 Property, Plant and Equipment 7 TOTAL ASSETS 50,850.00 8 LIABILITIES AND EQUITY 10,350.00 9 Accounts Payable 10 CURRENT LIABILITIES 11 Long-Term Debt 10,350.00 8,000.00 18,350.00 12 TOTAL LIABILITIES 13 STOCKSHOLDER'S EQUITY 32,500.00 14 Retained Eamings 15 TOTAL EQUITY $ 32,500.00 50,850.00 50,850.00 16 TOTAL LIABILITIES AND EQUITY $ Integrated Financial Statements Exhibit A: Pro Forma Financial Statements 2019 2020 2021 2022 2023 2024 Income Statement 1 Sales Revenue 45,000.00 2 less: Cost of Goods Sold 36,900.00 3 EBITDA 8,100.00 4,500.00 4 less: Depreciation Expense 5 EBIT 3,600.00 6 less: Interest and Other Expenses 800.00 7 PRE-TAX INCOME 2,800.00 8 less: Income Tax 1,120.00 9 NET INCOME 1,680.00 Integrated Financial Statements Exhibit A: Pro Forma Financial Statements 2019 2020 2021 2022 2023 2024 Balance Sheet 1 ASSETS 2 Cash and Equivalents 7,200.00 3 Accounts Receivable 6,300.00 4 Inventory 7,650.00 5 CURRENT ASSETS 21,150.00 29,700.00 6 Property, Plant and Equipment 7 TOTAL ASSETS 50,850.00 8 LIABILITIES AND EQUITY 10,350.00 9 Accounts Payable 10 CURRENT LIABILITIES 11 Long-Term Debt 10,350.00 8,000.00 18,350.00 12 TOTAL LIABILITIES 13 STOCKSHOLDER'S EQUITY 32,500.00 14 Retained Eamings 15 TOTAL EQUITY $ 32,500.00 50,850.00 50,850.00 16 TOTAL LIABILITIES AND EQUITY $