Week 5 Project Activity: Pro Forma Income Statement and Balance Sheet (Draft)Use the Budget Proposal Workbook.xlsx and Budget Proposal Template.docx to develop pro forma income statements and balance

Week 5 Project Activity: Pro Forma Income Statement and Balance Sheet (Draft)Use the Budget Proposal Workbook.xlsx and Budget Proposal Template.docx to develop pro forma income statements and balance sheets for the new business. You will be graded on correct analysis, proper use of spreadsheet technology, and business-like presentation of the information.Grading RubricSection 5.1 Pro Forma Income Statement (Draft) DeliverablePointsThe pro forma income statement are properly constructed in a contribution format.3Other necessary supporting budgets are also present and calculations are correct.3The sources of figures in the pro forma income statement and assumptions are identified.4Total Points10Section5.2 Pro Forma Balance Sheet (Draft) DeliverablePointsThe pro forma balance sheet are properly constructed in a contribution format.3Other necessary supporting budgets are also present and calculations are correct.3The sources of figures in the pro forma balance sheet and assumptions are identified.4Total Points10