You have been asked to develop a pro forma statement of cash flow for the coming year for Autumn Seasons, a 200. unit suburban garden apartment community. This community has a mix of 40 studio, 80 one-, and 80 two-bedroom apartments with current monthly rents of $556,$606, and $806, respectively. Leases with tenants are usually made for 12 -month periods. Current rents are expected to remain fixed for the next six months. After that time, monthly rents for each apartment type should increase by $16 per unit and remain at those leveis for the remainder of the year. Ten studios were leased three months ago for $506,20 one-bedroom units were leased two months ago for $586, and 10 two-bedroom units were leased last month for $811. All other units have been leased recently at current rents. All of the previously leased units also are on 12 -month leases that do not face the $16 rate increase after the first 6 months. When those leases roll over, all are expected to be renewed at market rents upon rollover for an additional 12 months, Presently, 4 studio5, 6 one-, and 6 two-bedroom units are vacont. This vacancy pattern should remain the same for the remainder of the year: Autumn Scasons anticipates that during the coming year, it will earn other income from loundry facilities, the awarding of an exciusive cable TV contract, parking, plus fees from net deposit\}, late fees, and so on of $215,000. Autumn Seasons expect to pay total turnover and operating expenses of $406 per month, per occupied unit during the next year. However, it expects to recover some of these expenses for heating and central cooling that it provides to tenants in an amount totaling $106 per month, per occupled unit. During the next year, it is also anticipated that $115,000 will be required for tecuming, make-ready expenses (carpet, paint, drywail repair, etc). and another $265,000 will be required as an allowance for nonrecurring items including parking lot repairs, and so on. A total of $16,000 in fees will be paid to Apartment Locator Services, a company that provides marketing services and finds new tenants for Autumn: Required: a. Prepare a statement of operating cash flow (NOI) for the coming year. a. Prepare a statement of operating cash flow (NOI) for the coming year. b. Add to the (a) anticipated outlays for nonrecurring items and commissions. What will be net cash flow for the coming year? Complete this question by entering your answers in the tabs below. Prepare a statement of operating cash flow (NOI) for the coming year. Add to the (a) anticipated outlays for nonrecurring items and