please help me finish the first two and complete the third!

Income Statement Cash Flows Balance Sheet ces Prepare the budgeted income statement. Budgeted Income Statement + Sales revenue $ 300,000 Cost of goods sold 264,000 Other expense Depreciation expense Operating income Interest expense (850) (850) Net income $ Prepare the budgeted statement of cash flows. (Cash outflows Budgeted Statement of Cash Flows Cash flows from operating activities Inflows from sales $ 300,000 Outflows for: (850) Interest expense Other initial expenses Purchase of food, etc. + (264,000) 35,150 (18,000) Net cash flows from operating activities Cash flows from investing activities Outflow for purchase of cart Cash flow from financing activities Inflows from: Contribution by owners Loan from parents 5,000 17,000 Net cash flows from financing activities Net Change in Cash Plus: Beginning cash balance Ending cash balance 22,000 39, 150 0 $ 39,150 Income Statement Cash Flows Balance Sheet Prepare the budgeted balance sheet. (Amounts to be deducted Budgeted Balance treet Assets Cash Total assets $ 0 Liabilities Equity Total liabilities and equity $ 0 Mary Helu and Jason Haynes recently graduated from the same university. After graduation they decided not to seek jobs at established organizations but rather to start their own small business hoping they could have more flexibility in their personal lives for a few years. Mary's family has operated Mexican restaurants and taco trucks for the past two generations, and Mary noticed there were no taco truck services in the town where their university was located. To reduce the amount they would need for an initial investment, they decided to start a business operating a taco cart rather than a taco truck, from which they would cook and serve traditional Mexican-style street food. They bought a used taco cort for $18,000. This cost, along with the cost for supplies to get started, a business license, and street vendor license brought their initial expenditures to $22,000. They took $5,000 from personal savings they had accumulated by working part time during college, and they borrowed $17.000 from Mary's parents. They agreed to pay interest on the outstanding loan balance each month based on an annual rate of 5 percent. They will repay the principal over the next few years as cash becomes available. They were able to rent space in a parking lot near the campus they had attended, believing that the students would welcome their food as an alternative to the typical fast food that was currently available. After two months in business, September and October, they had average monthly revenues of $25,000 and out-of-pocket costs of $22,000 for rent ingredients, paper supplies, and so on, out not interest. Jason thinks they should repay some of the money they borrowed, but Mary thinks they should prepare a set of forecasted financial statements for their first year in business before deciding whether or not to repay any principal on the loan. She remembers a bit about budgeting from survey of accounting course she took and thinks the results from their first two months in business can be extended over the next 10 months to prepare the budget they need. They estimate the cart will last at least four years, after which they expect to sell it for $6,000 and move on to something else in their lives. Mary agrees to prepare a forecasted (pro forma) income statement, balance sheet, and statement of cash flows for their first year in business, which includes the two months already passed. Required a. Prepare the annual pro forma financial statements that you would expect Mary to prepare based on her comments about her expectations for the business. Assume no principal will be repaid on the loan