What are the INCOME STATEMENT AND CASH FLOW STATMENT FORMULAS BASED ON THESE DIRECTIONS?: OF Scheduled Capital Expenditures$$These outlays are shown in the Constants section. Theyreduce cash on hand.Repayment to Note Holders$$$$3$ billion is owed to noteholders at the end of $2017,$ with fiveyears remaining on the debt. $$600$ million must be repaid each year to noteholders. You canhard$-$code the amount for each year.Net Cash Position $($NCP$)$ Before Borrowing from Bank$$This amount equals cash at thebeginning of the year plus the year$$s net income after income taxes, minus scheduled capital expenditures and minus payments to noteholders.Add: Borrowing from Bank$$Assume that the company can borrow from a bank at the end of theyear to reach the minimum cash needed to start the next year. If the NCP is less than thisminimum amount, the company would borrow enough to start the next year with the minimum.Borrowing increases cash on hand, of course. Borrowing would be under a line of credit. Eachyear the company would need to pay interest on any amounts borrowed under the line of credit,but amounts borrowed would accumulate until a principal repayment schedule was negotiated,which would not happen until $2021.$Equals: End$-$of$-$the$-$Year Cash on Hand$$This amount is the NCP plus any bank borrowing.