Can someone please help me figure out how to do the pro forma financial statements?

MS TO COMPLETE FOR THIS MILESTONE (Green Tabs): GENERAL Use information from Milestone 1 and the plan to open a new location (see bottom of page) for your statements RO FORMA FINANCIAL STATEMENTS Prepare the following Pro Forma Financial Statements for the proposed new location (pro forma statements in this case are budgeted statements for 2018 based on the new location scenario at the bottom of the page) Pro Forma Income Statement Pro Forma Balance Sheet PEYTON APPROVED PRO FORMAINFORMATION The company is planning to open another location in 2018. Prepare pro forma financials for 2018 for the new location using following information: 4 1.Cost of leasing commercial space: $1,500 per month 2. Costof new equipment: $15,000. Use staight line depreciation assuming a seven year life UseTullyearepreciaion for ear 3. Cost of hiring and training new employees: three at $25,000 each for the first year. 4. Except asnotedTrTS assets, curren TabTT Tes sales costs and expensesare expected obe80%oftheexistingstore from preliminary statements) except no stock. Retained earnings net income. 5. Cash: $7,000. Accounts receivable amount to 4.0 turns (accounts receivable turnover will be4.0); inventory amount to sh turns (inventory turnover will be 3.0). No stock will be issued. Retained earnings are to equal net income. Additional financirng $5,000 will be long.term. Add remaining amount needed to balance into accounts payable. Instructions Milestone 2 Instructions Pro Forma IS Pro Forma BS Instruction adu MS TO COMPLETE FOR THIS MILESTONE (Green Tabs): GENERAL Use information from Milestone 1 and the plan to open a new location (see bottom of page) for your statements RO FORMA FINANCIAL STATEMENTS Prepare the following Pro Forma Financial Statements for the proposed new location (pro forma statements in this case are budgeted statements for 2018 based on the new location scenario at the bottom of the page) Pro Forma Income Statement Pro Forma Balance Sheet PEYTON APPROVED PRO FORMAINFORMATION The company is planning to open another location in 2018. Prepare pro forma financials for 2018 for the new location using following information: 4 1.Cost of leasing commercial space: $1,500 per month 2. Costof new equipment: $15,000. Use staight line depreciation assuming a seven year life UseTullyearepreciaion for ear 3. Cost of hiring and training new employees: three at $25,000 each for the first year. 4. Except asnotedTrTS assets, curren TabTT Tes sales costs and expensesare expected obe80%oftheexistingstore from preliminary statements) except no stock. Retained earnings net income. 5. Cash: $7,000. Accounts receivable amount to 4.0 turns (accounts receivable turnover will be4.0); inventory amount to sh turns (inventory turnover will be 3.0). No stock will be issued. Retained earnings are to equal net income. Additional financirng $5,000 will be long.term. Add remaining amount needed to balance into accounts payable. Instructions Milestone 2 Instructions Pro Forma IS Pro Forma BS Instruction adu