Question 3.2

116 3 I EXHIBIT P3.2 and Balanoe Sheet Forecasts for the Jake and Pha company Net revenue other revenues 19,500 Selling, general and administrative Total current s 29,500 -20,000 Property, plant and equipment $100,000 Total expenses 10,000 Income before interest and taxes. Net property, plant, and equipment 10,000 s 17,700 Pre-paid expenses non-ourreny come espe S1 19.500 Net income... Accrued liabilities (expenses) 600 Income taxes payable 12,620 11,700 Total current liabilities 20,000 1500o 20,000 31,700 513 Common stock at par. 80,000 Additional paid-in capital Treasury stock, at cost 87,800 Total liabilities and equity $119,500 $14 ule: We Data completed calculations for the income statements, balance sheets, retained provide partially and free cash flows for the P3.3 each year, including capital in Exhibit P3.3. Allof the expenditures and any financing transactions. The company distributes of income and 45% on all income above Sa.00. Complete the Missing Data Company's income eamings, and free cash flow calculations for Years 0 and 1. 116 3 I EXHIBIT P3.2 and Balanoe Sheet Forecasts for the Jake and Pha company Net revenue other revenues 19,500 Selling, general and administrative Total current s 29,500 -20,000 Property, plant and equipment $100,000 Total expenses 10,000 Income before interest and taxes. Net property, plant, and equipment 10,000 s 17,700 Pre-paid expenses non-ourreny come espe S1 19.500 Net income... Accrued liabilities (expenses) 600 Income taxes payable 12,620 11,700 Total current liabilities 20,000 1500o 20,000 31,700 513 Common stock at par. 80,000 Additional paid-in capital Treasury stock, at cost 87,800 Total liabilities and equity $119,500 $14 ule: We Data completed calculations for the income statements, balance sheets, retained provide partially and free cash flows for the P3.3 each year, including capital in Exhibit P3.3. Allof the expenditures and any financing transactions. The company distributes of income and 45% on all income above Sa.00. Complete the Missing Data Company's income eamings, and free cash flow calculations for Years 0 and 1