forecast income statement for tortuga based on assumptions provided. Next forecast the balance sheet for tortuga based on the assumptions provided and iterate to balance the balance sheet and solve for external funding required. Last you will determine sources and uses and ensure it matches your forecast model. For capex, Tortuga is buying $200$ in new assets and depreciating $60.$ Sources of Cash

Net income

Depreciation

Decrease in assets or increases in liabilities

Increase in AP

Total sources of cash

Uses of Cash

Dividends

Increases in assets or decreases in liabilities:

Increase in cash

Increase in AR

Increase in inventory

Increase in Fixed Assets

Decrease in long$-$term debt

Decrease in short$-$term debt

Total uses of cash

External funding required