I need the bottom part of this problem solved and the depreciation expense needs to be 1,600 for 2016.

35 36 Given (refer to problem 6-12): 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 Pro forma Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Net Operating income Interest Expense Eamings before Taxes Taxes Net Income \begin{tabular}{|c|c|} \hline Balance Sheet & \\ \hline Cesh and Mata & 2016 \\ \hline \end{tabular} Cash and Marketable Securities Accounts Receivable Inventories Current Assets Net Property Plant \& Equipment (Note A) Total Accounts Payable Short-term Debt Cument Liabilities Long-term Debt Total Liabilities Total Owners' Equity Total Liabilities and Owners' Equity Additional Short-term Debt Needed 68 69 70 71 72 73 74 75 76 Estimated Free Cash Flow Solution: EBIT -Taxes NOPAT + Depreciation and Amortization - Increase in Operating Net Working Capital - CapEx = Free Cash Flow 77 78 79 80 Note A: Depreciation expense for 2016 = 52,000 35 36 Given (refer to problem 6-12): 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 Pro forma Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Net Operating income Interest Expense Eamings before Taxes Taxes Net Income \begin{tabular}{|c|c|} \hline Balance Sheet & \\ \hline Cesh and Mata & 2016 \\ \hline \end{tabular} Cash and Marketable Securities Accounts Receivable Inventories Current Assets Net Property Plant \& Equipment (Note A) Total Accounts Payable Short-term Debt Cument Liabilities Long-term Debt Total Liabilities Total Owners' Equity Total Liabilities and Owners' Equity Additional Short-term Debt Needed 68 69 70 71 72 73 74 75 76 Estimated Free Cash Flow Solution: EBIT -Taxes NOPAT + Depreciation and Amortization - Increase in Operating Net Working Capital - CapEx = Free Cash Flow 77 78 79 80 Note A: Depreciation expense for 2016 = 52,000