1. Mu Financial Services

Scenario: Financial Statement Forecasting

Projected Financial Details:

• Income Statement Projections:
  • Net Sales Forecast: $3,000,000
  • Projected Expenses: $2,000,000

• Cash Flow Statement Projections:
  • Operating Cash Flow Forecast: $500,000
  • Investing Activities: $(200,000)
  • Financing Activities: $(100,000)

Requirements:

• Prepare a forecasted income statement and cash flow statement for Mu Financial Services. Present projections for net sales, expenses, and cash flows in a formatted table.