U8_A

Please, the numbers are in the attachmentCASE 9–1: Forecasting Pro Forma Financial Statements: Refer to the following financial statements for Kodak:Please, find the statement in the attachmentRequired:Prepare forecasts of its income statement, balance sheet, and statement of cash flows for 20×7 under the following assumptions:a. All financial ratios remain at 20×6 levels.b. Kodak will not record restructuring costs for 20×7.c. Taxes payable are at the 20×6 level of $544 million.d. Depreciation expense charged to SG&A is $765 million and $738 million for 20×6 and 20×5, respectively.e. Gross PPE is $12,982 million and $12,963 million for 20×6 and 20×5, respectively.f. Projected current maturities of long-term debt are $13 million for 20×7.References:K. R. Subramanyam, J. J. (2009). Financial Statement Analysis 10th edition. New York: McGraw-Hill/Irwinhttp://www.sec.gov/cgi-bin/viewer?action=view&cik=1032975&accession_number=0001104659-14-005272&xbrl_type=v#

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