1. Pi Financial Services

Scenario: Financial Statement Forecasting

Projected Financial Details:

• Income Statement Projections:
  • Net Sales Forecast: $4,000,000
  • Projected Expenses: $2,500,000

• Cash Flow Statement Projections:
  • Operating Cash Flow Forecast: $800,000
  • Investing Activities: $(300,000)
  • Financing Activities: $(200,000)

Requirements:

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