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Assume today's date is 1/1/2019 In the blue-shaded cells, complete the income statement on the Report worksheet using the provided historical year and pro forma balance sheet on the Report worksheet and the completed income statement assumptions on the Assumptions worksheet
Assume today's date is 1/1/2019
In the blue-shaded cells, complete the income statement on the Report worksheet using the provided historical year and pro forma balance sheet on the Report worksheet and the completed income statement assumptions on the Assumptions worksheet. Points possible for each row are shown in column I.
- All formulas/functions should be typed in the first forecast column in such a way that they can be copied across to the rest of the forecast years.
- Expenses are to be input as negative numbers.
- All interest income and interest expenses should be calculated based on the previous year's ending balances of the accounts which they reference.
This assignment is worth a total of 18 points.
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