only need help with B. 1st pic is problem, 2nd pic is what i got for A.

The balance sheet and income statement for Webb Enterprises Inc. are found below: Balance Sheet 2015 Cash and marketable securities $ 500 Accounts receivable 6,000 Inventories 9,500 Current assets $ 16,000 Income Statement 2015 Net property, plant, and equipment 17,000 Total $ 33,000 Revenues $ 30,000 Cost of goods sold (20,000) Accounts payable $ 7,200 Gross profit $ 10,000 Short-term debi 6,800 Operating expenses (8.000) Current liabilities $ 14,000 Net operating income $ 2,000 Long-term debt 7,000 Interest expense (900) Total liabilities $ 21.000 Earnings before taxes $ 1.100 Total owners' equity 12,000 Taxes (400) Total liabilities and owners' equity $ 33,000 Net income $ 700 I a. Prepare a pro forma income statement and balance sheet for Webb Enterprises (see Practice Problem 1 in the moduel 4), where revenues are expected to grow by 25% in 2016. Make the following assumptions in making your forecast of the firm's balance sheet for 2016: The income statement expenses are a constant percentage of revenues except for interest, which remains equal in dollar amount to the 2015 level, and taxes, which equal 40% of earnings before taxes. The cash and marketable securities balance remains equal to $500, and the remaining current asset accounts increase in proportion to revenues for 2015. Net property, plant, and equipment increase in proportion to the increase in revenues and depreciation expenses for 2016 is $2,000. Accounts payable increases in proportion to firm revenues. Owners equity increases by the amount of firm net income for 2016 (no cash dividends are paid). Long-term debt remains unchanged, and short-term debt changes in an amount that balances the balance sheet. b. Using your pro forma financial statements, estimate the firm's FCF for 2016. E $ $ $ $ $ $ $ $ $ 2015 30,000 100 $ 20,000 0.66666667 $ 10,000 $ 8,000 0.26666667 $ 2.000 $ 900 $ 1.100 $ 400 s 700 $ 2016 36,000 24,000 12,000 9,600 2,400 900 1,500 600 900 Balance Sheet Liabilities 2016 Assets Accounts Payable $ 9,000 Cash & Marketable Securities s Short Term Debt $ 10,425 Accounts Receivable 5 Long Term Debt $ 7,000 Inventories $ Total Owner's Equity S 12,700 NPP&E $ Total $ 39,125 Total Asum of 63.66 2015 500 $ 6,000 $ 9,500 $ 17,000 $ $ 2016 500 7,500 11,875 19,250 39,125 1 Income Statement 2 Revenues 3 COGS 4 Gross Profit 5 Operating Expenses 6 EBIT 7 Interest Expense 8 EBT 9 Taxes 10 Net Income 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33