The following is actual data from ABC Incs F/S of 20x1 Revenue$770,000 530.000 240,000 44,000 90,000 30,000 Income $76,000 Cash Acc Rec Other Variable CGS Gross Profit Op Exp - Selling General Admin $30,000 49,400 16,000 190,000 $231,400 Acc Dep Total Acc Pay Mtg Pay JME Capital Total $22,000 140,000 69400 $231,400 In the upcoming year the following predictions have been made 1-Revenues will increase 12% 2-Selling expenses will increase 11% 3 - Additional PPE will be purchased on 10/1 for $80,000 4-Variable CGS will increase 9% 5 - Depreciation expense is in "general" 6-JME uses SL with -0- salvage and 10 year lives 7-General expense, exclusive of depreciation will increase 10% 8 - Admin expenses will increase $5,500 9-Acc Rec at 12 31 is expected to be 2% of the year's revenue 10-Acc Pay on 12/31 is expected to be 5% of total operating expense 11 - Principal payments of $15,000 will be made (you may ignore interest) 12 - JME plans to withdraw $75,000 during the period (similar to dividends) 13 - Other assets will not change this period REQUIRED Prepare pro forma I/S, B/S and SCF for ABC Inc. for 20x2. Cash flow fronm operations to be prepared under both methods