please assist with the incorrect balances. I have already corrected the other balances, and will need an expert work out the balances asap!

Question 2 Partially correct Mark 19.00 out of 31.00 Flag question Analyze, Forecast, and Interpret Income Statement and Balance Sheet Following are the income statement and balance sheet of ADP Inc. DATA PROCESSING INC. Statement of Consolidated Earnings For Year Ended June 30, 2019, $ millions Total revenues $7,087.6 Operating expenses 3,573.0 Systems development and programming costs 318.2 Depreciation and amortization 152.2 Total cost of revenues 4,043.4 Selling, general, and administrative expenses 1,532.1 Interest expense 65.0 Total expenses 5,640.5 Other (income) expense, net (55.6) Earnings before income taxes 1,502.7 Provision for income taxes 356.4 Net earnings $1, 146.3 DATA PROCESSING INC. Balance Sheet $ millions June 30, 2019 Current assets Cash and cash equivalents $974.8 Accounts receivable, net 1,219.7 Other current assets 259.8 Total current assets before funds held for clients 2,454.3 Funds half for clients 14,717.1 Total current assets 17,171.4 Long-term receivables, net 11.9 Property, plant and equipment, net 382.1 Capitalized contract cost, net 1,214.3Other assets 467.2 Goodwill 1,161.5 Intangible assets, net 535.8 Total assets $203442 Current liabilities Accounts payable $62.8 Accrued expenses and other current liabilities 879.5 Accrued payroll and payroll-related expenses 360.6 Dividends payable 170.1 Short-term deferred revenues 110.4 Obligations under reverse repurchase agreements 131.0 Income taxes payable 27.4 Total current liabilities before client funds obligations 1,741.8 Client funds obligations 14,572.3 Total current liabilities 16,314.1 Long-term debt 1,001.1 Other liabilities 399.4 Deferred income taxes 3300 Long-term deferred revenues 199.7 Total liabilities 18,2443 Shareholders' equity Preferred stock, $1.00 parvalue; Authorized, 0.3 shares; issued , none Common stock, $0.10 par value; Authorized, 1,000.0 shares: issued, 319.4 shares; outstanding 217.1 shares 320 Capital in excess of par value 591.6 Retained earnings 8,750.3 Treasury stock, at cost: 102.3 shares (6,545.3) Accumulated other comprehensive loss (128.7) Total stockholders' equity 2,699.9 Total liabilities and stockholders' equity $20,944} Assume total revenues grow by 13% in 2020. All other percentages (other than sales growth and provision for income taxes) are based on historic percent of total revenues. o CAPEX for 2020 will be 1.1% of total revenue, and depreciation will be $92.2 million. c o Goodwill, long-term debt, preferred stock, common stock, and Accumulated other comprehensive loss will not change for the year. n The company will acquire intangibles equal to 2.9% oftotal revenues and will record amortization expense of$138,1 million. 0 Income taxes will be 25% of pretax income and income taxes payable will be 7.7% of 2020 tax expense. a The company will award $83.7 million of stock-based compensation, which increases Capital in excess of par value by the same amount. Assume that the company routinely includes this form of compensation in operating expenses each year. 0 The company will continue its stock repurchases. DP will repurchase $375 million of treasury stock. . Dividends will be $694.70 in 2020, and dividends payable will be 26.3% of dividends. Prepare a forecast of FY2020 statement of cash ows. Note: Round your answers to one decimal place (for example, enter 14.6 for 1455555). AUTOMATIC DATA PROCESSING, INC. Forecasted Statement of Cash Flows For Year Ended smillions June 2020 Net income (loss) $ 1,229.9 v Add: Depreciation 92.2 v AddzAmortization 138.1 v Add: Stock based compensation 83.7 v Accounts receivable, net (158.561) v Other current assets (33.775) X Funds held for clients (1,913,223) x Longterm receivables, net (1.5) X Capitalized Contract Cost, Net (23.562) X Other assets 97.175 X Accounts payable 8.164 v Accrued expenses and other current liabilities 114.335 v Accrued payroll and payroll-related expenses 46.878 ./ Short-term deferred revenues 14.352 X Obligations under reverse repurchase agreements 17 X Income taxes payable 4.2 v Client funds obligations 1.894.399 v Other liabilities 51.923 x Deferred income taxes 43 X Long-term deferred revenues 25.961 v Operating cash flow 1.135.819 X Capital Expenditures (88) Additional intangibles acquired (232.3) Net cash from investing activities (320.4) Dividends (694.7) Dividends payable 12.6 Stock buy backs 375) Net cash from financing activities (1,057.1) Net change in cash (241.608) x Beginning cash 974.8 Ending cash $ 223.9 X