Question: Step 4: Prepare a Balance Sheet and a Cash Flow Statement You may need to create some assumptions for this step. For example, if you

Step 4: Prepare a Balance Sheet and a Cash Flow Statement You may need to create some assumptions for this step. For example, if you are preparing this plan for yourself, and you are a student with minimal income, assume that you have just graduated and are starting to work full time. You will need to forecast your income and expenses. In such a case, the Cash Flow statement will be a projection. Be realistic in your projections

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