You are opening a pet kennel. Your purpose is to earn a profit, so you will need to establish the business. Assume you organize as a proprietorship. 1. Make a detailed list of ten factors you must consider to establish the business. 2. Identify ten or more transactions that your business will undertake to open and operate the kennel. 3. Prepare the kennel's income statement, statement of owner's equity, and balance sheet at the end of the first month of operations before you have had time to pay all the business's bills. Use made-up figures and include a complete heading for each financial statement. Date the balance sheet as of August 31, 20XX. 4. Discuss how you will evaluate the success of your business and how you will decide whether to continue its operation.