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Refer to the following financial statements for Kodak: CASE 9-1 Forecasting Pro Forma Financial Statements BALANCE SHEET Liabilities and shareholders' equity Current liabilities Accounts payable

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Refer to the following financial statements for Kodak: CASE 9-1 Forecasting Pro Forma Financial Statements BALANCE SHEET Liabilities and shareholders' equity Current liabilities Accounts payable and other current liabilities Short-term borrowings. Current portion of long-term debt Accrued income taxes. Total current liabilities Long-term debt, net of current portion Postemployment liabilities Other long-term liabilities. Total liabilities Required: Prepare forecasts of its income statement, balance sheet, and statement of cash flows for 207 under the following assumptions: a. All financial ratios remain at 206 levels. b. Kodak will not record restructuring costs for 207. c. Taxes payable are at the 206 level of $544 million. d. Depreciation expense charged to SG\&A is $765 million and $738 million for 206 and 205, respectively. e. Gross PPE is $12,982 million and $12,963 million for 206 and 205, respectively. f. Projected current maturities of long-term debt are $13 million for 207. g. Capital expenditures for 206 and 205 are $1,047 and $783, respectively

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