The following would be considered as a use of cash for a statement of Cash flows: An increase of Bonds issued An increase in Common Stock issued A decrease in Inventory A decrease in Land None of the answers provided is correct The percentage of sales approach to forecasting pro forma financial statements can result in a forecasted balance sheet which does not balance. If forecasted balance shows total debt and total equity exceeding total assets An excess of debt or equity financing is being forecast Additional financing is necessary There is an error in the forecast An excess debt but not equity financing is being provided spontaneously None of the answers provided is correct After completing your percentage of sales pro forma balance sheet your total asset value equals $12,000 and the total debt and total equity balances combine to provide a total of $10,000 You need an additional $2,000 of financing to produce the forecasted sales You have spontaneously forecasted $2,000 in assets over and above what is necessary to produce the forecasted level of sales You have made an error in your forecast as the balance sheet must balance You need to add $1,000 of assets and reduce financing by $1,000 None of the answers provided are correct