You have been asked to develop a pro forma statement of cash flow for Betts Distribution Center, an Internet-based order fulfiliment/distribution/office/warehouse property. In addition to recoverable operating expenses, the new tenant will be billed for pass throughs including insurance and property taxes, which will then be paid by the owner. Use the information below to complete the pro forma statement and include capital expenses in the NOI calculation (but. don't forget that in these problems not all information is needed or necessary; part of the challenge is identifying what is and what is not needed). Other Cash Outlays: A12owancen for: Recurring CAPBX/Improve Allowance $61,000 Required: a. Develop a pro forma statement for the Betts property for a base year showing net operating income (NO). Hint You only need to calculate the rent and recoverables accounts. The other account items are given. You have been asked to develop a pro forma statement of cash flow for Betts Distribution Center, an Internet-based order fulfiliment/distribution/office/warehouse property. In addition to recoverable operating expenses, the new tenant will be billed for pass throughs including insurance and property taxes, which will then be paid by the owner. Use the information below to complete the pro forma statement and include capital expenses in the NOI calculation (but. don't forget that in these problems not all information is needed or necessary; part of the challenge is identifying what is and what is not needed). Other Cash Outlays: A12owancen for: Recurring CAPBX/Improve Allowance $61,000 Required: a. Develop a pro forma statement for the Betts property for a base year showing net operating income (NO). Hint You only need to calculate the rent and recoverables accounts. The other account items are given