Using the information above, prepare pro forma statements for Toys for You for the three

months ending September and December $20$XY$.$ Also construct a cash budget for the six$-$

month period and identify any need for short$-$term financing. There are no changes in

accounts not mentioned above. Comment on the policy changes and examine the

consequences if the collection period remains at $60$ days. Assume capital assets are

sufficient for increased sale.