Lloyd publications established the following standard price and costs for a hardcover picture book that the company produces. standard price and variable costs sales price $ 45.00 materials cost 9.00 labor cost 4.50 overhead cost 6.30 selling, general, and administrative costs 7.20 planned fixed costs manufacturing overhead $ 135,000 selling, general, and administrative 54,000 assume that lloyd actually produced and sold 32,000 books. the actual sales price and costs incurred follow. actual price and variable costs sales price$ 43.50 materials cost9.20 labor cost4.40 overhead cost6.35 selling, general, and administrative costs7.00 actual fixed costs manufacturing overhead$ 125,000 selling, general, and administrative58,000 required: 1. prepare a pro forma income statement that would appear in the master budget 2. prepare the flexible budget income statement assuming production volumes or 29,000 and 31,000 units

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer