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Preparing a Forecasted Statement of Cash Flows The following balance sheet and income statement information includes actual data for 2015 and fore- casted data for

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Preparing a Forecasted Statement of Cash Flows The following balance sheet and income statement information includes actual data for 2015 and fore- casted data for 2016: Actual 2015 Forecasted 2016 $ Cash Accounts receivable.. Inventory Property, plant, and equipment (net). Accounts payable. Long-term debt Paid-in capital... Retained earnings 100 600 1,300 5,000 500 $ 130 780 1,690 6,300 650 4,000 1,000 1,500 5,000 1,400 1,850 Sales .. Cost of goods sold. Depreciation expense Interest expense Income before income taxes. Income tax expense Net income.. $10,000 6,000 1,000 400 $ 2,600 910 $ 1,690 $13,000 7,800 1,200 500 $ 3,500 1,225 $ 2,275 Prepare a forecasted statement of cash flows for 2016. Use the indirect method of reporting cash flow from operating activities

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