Question

In: Accounting

Perez Company is a retail company that specializes in selling outdoor camping equipment. The company is...

Perez Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, year 1. The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks.

  1. Prepare a pro forma income statement for the quarter.

  2. Prepare a pro forma balance sheet at the end of the quarter.

  3. Prepare a pro forma statement of cash flows for the quarter.

Prepare a pro forma income statement for the quarter.

PEREZ COMPANY
Pro Forma Income Statement
For the Quarter Ended December 31, year 1
Sales revenue
0
0
$0

Prepare a pro forma balance sheet at the end of the quarter. (Amounts to be deducted should be indicated by a minus sign.)

PEREZ COMPANY
Pro Forma Balance Sheet
December 31, year 1
Assets
0
Total assets $0
Liabilities
Equity
Total liabilities and equity $0

Prepare a pro forma statement of cash flows for the quarter. (Amounts to be deducted should be indicated by a minus sign.)

PEREZ COMPANY
Pro Forma Statement of Cash Flows
For the Quarter Ended December 31, year 1
Cash flows from operating activities
Net cash flows from operating activities $0  
Cash flows from investing activities
Cash flow from financing activities
$0

Solutions

Expert Solution

pro forma are as follow


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