Sales= 885.099 USD; AR = 580.040 USD, Depreciation Expense = 350.000 USD, Administrative Expenses = 255.000 USD, Unearned Revenues = 250.000 USD, Interest Expense = 40.000 USD, Tax Rate = 25%, COGS = 255.009 USD, Salaries & Wages Payable = 155.230 USD, New equity Issued= $10.000, AP = 380.044 USD, Outstanding debt paid off= $15.000, Changes in NWC = 150.000 USD

Based on the financial statements of 200X, we were able to retrieve the following accounting data for J&J plc.

a)Prepare the income statement?

b)Compute CFFA using both approaches.

c)Calculate the value of Net Capital Spending (NCS)?