You have been asked to develop a pro formo statement of cash flow for Betts Distribution Center, an Internet-based order fulfillment/distribution/office/warehouse property. In addition to recoverable operating expenses, the new tenant will be billed for pass throughs including insurance and property taxes, which will then be paid by the owner. The information given to you is listed below. Other Cash Outioys: Allowances for: Recurring CAPEX/Improve Allowance $63,500 Required: -. Develop a pro forma statement for the Betts property for a base year showing net operating incomie (NOL)