Referring to the data in Assignment 3.3, Schumann Company (1), prepare the three following pro forma (forecasted) documents for year X2: statement of financial position/balance sheet, income statement, and statement of cash flows, integrating the following additional information: the rental expense is related to the factory site and the budgeted item ‘remunerations and social expenses’ (400 paid during the year) can be separated between production activities for 300 and sales and administration activities for 100.

The income statement will be presented by function. For the sake of simplicity, because we are dealing with a multi-period situation, we choose, rather than entering into cost accounting discussions, to consider, in this exercise, that all depreciation is charged to the income statement as a single item after all other operating expenses.