Integrativelong dashPro forma statements?

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Integrative-Pro forma statements Provincial Imports, Inc., has assembled past (2015) financial statements (income statement and balance sheet) and financial projections for use in preparing financial plans for the coming year (2016) Information related to financial projections for the year 2016 is as follows (1) Projected sales are S6,000,000 (2) Cost of goods sold in 2015 includes $1,004,000 in fixed costs. (3) Operating expense in 2015 includes $245,000 in fioxed costs. (4) Interest expense will remain unchanged (5) The firm will pay cash dividends armounting to 45% of net profits after taxes (6) Cash and inventories will double (7) Marketable securities, notes payable, long-term debt, and common stock will remain unchanged (8) Accounts receivable, accounts payable, and other current liabilities will change in direct response to the change in sales. (9) A new computer system costing S346,000 will be purchased during the year. Total depreciation expense for the year will be $116,000 (10) The tax rate will remain at 40%