You have been provided the following financial statements for Big XTC Company. Balance Sheet (5000's) Forecast ASSETS 2018 2019 2020 Current Assets Cash 9,000 7,282 14,000 Short-term Investments 48,600 20,000 71,632 Accounts Receivable 351,200 632,160 7,000 Inventory 715,200 1.28701216,480 Total Current Assets 1,124,000 1,946802 2,60,112 Plant & Equipment 491,000 1,202,950 1,220,000 Accumulated Depreciation 146,200 263,160 383, 160 Net Plant & Equipment 344,800 939.790 836,840 TOTAL ASSETS 1,468800 2.8592 3,516,957 UABILITIES and SHAREHOLDERS EQUITY Current Liabilities Accounts Payable 145,600 324,000 359,800 Notes Payable Accrued Expenses Total Current Liabilities Long Term Debt Common Shares Retained Earnings 481,600 1378960 323,432 1,000,000 460.000 200,000 720,000 300,000 136,000 284,560 380,000 1,039.800 500,000 450,000 1.680.935 203,768 97,632 296,216 Total Equity 661,768 557,632 1.927,152 TOTAL UABILITIES AND EQUITY 1,468,800 2,592 3516,952 Income Statement (5000's) Sales Revenues Cost of Goods Sold Contribution Margin Operating Expenses Depreciation Interest 2018 Forecast 2019 2020 4,580,000.0 5,800,000 0 3,432,000.0 5,834,400.0 7,035,600.0 2,864,000.0 568,000.0 854,400.0 1,235,600.0 340,0000 720,000.0 612,960.0 18,900.0 116,960.0 120,000.0 62,500.0 176,000.0 80,000.0 Earnings B4 Taxes 146,600.0 158,500.0 422,640.0 Taxes 40% 58,640 0 63,424.0 169,056.0 Earnings After tax 87,960.0 95,136.0 2535840 Other Data that may be helpful Stock Price $ 8.50 $ 6.00 $ 12.17 Shares ofs 100,000 100,000 250,000 EPS 0.890-5 051 5 1.014 DPS $ 02205 0.110 5 0.220 Tax Rate 40% Book Value per Share $ 6.638 $ 40% 5.576 $ 40% 7.909 Lease Payments 5 40,000 $ 40,000 $ 40,000 Industry Ratios Forecast Average Current 2.3 1.5 2.7 Quick 08 0.5 1.0 Inventory Turnover 48 4.5 6.1 Day's Sales Outstanding 37.3 69.6 32.0 Fixed Assets Turnover 10.0 62 7.0 Total Asset Tumover 2.3 20 2.5 Total Debt Ratio 54.8 80.7 50.0 TIE Ratio 3.3 0.1 62 Profit Margin Ratio 2.6% -16% 3.6% Return on Assets 6.0% 3.3% 9.0% Return on Equity 13.3% -17.1% 17.9% Price Earnings Ratio 9.7 N/A 16.2 Price/Cash Flow 8.0 27.5 7.6 a. Prepare the cash flow statement for the 2020 forecast. (5 marks) b. Prepare the sources and uses statement for the 2020 forecast. (5 marks) c. Prepare the cash flow identity statement for the 2020 forecast. (5 marks)