Essay
The cash budget for Parker Processed Meats,Inc.is given below for the fourth quarter of 2010:
Parker Processed Meats,Inc.
Cash Budget for the Three Months Ending December 31,2010
The expected sales for the period are as follows:
Oct.: $116,000 Nov.: $127,000 Dec.: $95,000
The total depreciation expense for the period will be $12,000.
An interest payment on outstanding debt of $13,000 will be made in December.Using the information given above,construct a pro forma income statement for the final quarter of 2010.
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