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Prepare assumed pro forma income statement, pro forma balance sheet, pro forma cash flows for this smartphone assembling company. CTGx's average revenue per smartphone will

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Prepare assumed pro forma income statement, pro forma balance sheet, pro forma cash flows for this smartphone assembling company.

CTGx's average revenue per smartphone will be $512 Fixed cost of the plant $150,000. Variable cost per unit $350.00 Expected smartphone sales first year is 8000 units. Total Revenue: $4096000 Total Costs: $2950000 Net Profit: $1146000 Break Even Units: 926

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