Please help with both parts. Also, some part of the questions been filled with the correct answers.

Analyze, Forecast, and Interpret Income Statement and Balance Sheet Following are the income statement and balance sheet of DP 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	1,214.3
Other assets	467.2
Goodwill	1,161.5
Intangible assets, net	535.8
Total assets	$20,944.2
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	330.0
Long-term deferred revenues	199.7
Total liabilities	18,244.3
Shareholders' equity
Preferred stock, $1.00 par value; 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	32.0
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	$20,944.2

Forecast DPs 2020 income statement and balance sheet using the following relations ($ millions). 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.

• CAPEX for 2020 will be 1.1% of total revenue, and depreciation will be $92.2 million.
• Goodwill, long-term debt, preferred stock, common stock, and Accumulated other comprehensive loss will not change for the year.
• The company will acquire intangibles equal to 2.9% of total revenues and will record amortization expense of $138.1 million.
• Income taxes will be 25% of pretax income and income taxes payable will be 7.7% of 2020 tax expense.
• 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.
• 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.

Note: When you are required to compute the percentage used for your forecasting assumptions, round the percentage to one decimal place and use that rounded figure to compute the forecasted amount. For example, assume that Actual Accounts receivable, net divided Actual Total revenues equals 0.1720824. This factor should be rounded to 17.2% before computing your forecasted amount for Accounts receivable, net. Note: Round your forecasted answers to one decimal place (for example, enter 14.6 for 14.55555). Use rounded amounts to compute any subtotals and totals.

DATA PROCESSING, INC.
Forecasted Income Statement
For Year Ended June 30, 2020
$ millions	Forecast
Total Revenues	8,008.9
Operating expenses
Systems development & programming costs
Depreciation and Amortization
Total cost of revenues
Selling, general, and administrative expenses
Interest expense
Total Expenses
Other (income)/expense, net
Earnings before income taxes
Provision for income taxes
Net Earnings

DATA PROCESSING, INC.
Forecasted Balance Sheet
	June 30, 2020
$ millions	Forecast
Current assets
Cash and cash equivalents
Accounts receivable, net	1,378.3
Other current assets
Total current assets before funds held for clients
Funds held for clients
Total current assets
Long-term receivables, net
Property, plant and equipment, net
Capitalized Contract Cost, Net
Other assets
Goodwill	1,161.5
Intangible assets, net
Total assets
Current liabilities
Accounts payable
Accrued expenses and other current liabilities
Accrued payroll and payroll-related expenses
Dividends payable
Short-term deferred revenues
Obligations under reverse repo agreements
Income taxes payable
Total current liabilities before client funds obligations
Client funds obligations
Total current liabilities
Long-term debt	1,001.1
Other liabilities
Deferred income taxes
Long-term deferred revenues
Total liabilities
Shareholders equity:
Preferred stock, $1.00 par value: Authorized,	0
0.3 shares; issued, none
Common stock, $0.10 par value: authorized, 1,000.0 shares;
issued, 319.4 shares; outstanding 217.1 shares	32
Capital in excess of par value
Retained earnings
Treasury stock, at cost: 102.3 shares
Accumulated other comprehensive loss	(128.7)
Total stockholders equity
Total liabilities and stockholders equity