An import/export company starts operations on April 1st 2019 with a capital injection of $40,000 in cash on its bank account. On April 5th, it purchases a batch of items for $30,000, and manages to re-sell them to customer A for $38,000 on April 25th. Then it buys another batch of products on May 10th for $16,000, and sells half of them to customer B for $10,000 on the same day (May 10th). These are the only transactions that the company will conduct until the end of the fiscal year (June 30th) and it will then only resume operations on October 1st 2019.