CC1-1 (Algo) Financial Statements for a Business Plan [LO 1-2, LO 1-3] [The following information applies to the questions oisplayed betow] Nicole Mackiscy is thinking of forming her own spa business. Nicole's Gelawoy Spa (NGS). Nicole expects that she and two family members will each contribute $10,000 to the business and recelve 1,000 shares each. Nicole forecasts the following amounts for the first yeat of operations, ending December 31,2021 . Cash on hand and in the bank, $2,250. amounts due from customers from spa treatments, $1,790, building and equipment, $71,000, amounts owed to beauty supply outlets for spa equipment, $4.670; notes payable to a local bank for $38,970 Cosh dividends of $3,000 will be paid to the stockhoiders during the year. Nicole also forecosts that first year sales revenues will be $43,600; wages will be $24.500; the cost of supplies used up will be $7.500; office expenses will be $5.500; and income taxes wil be $1,700. CC1-1 (Algo) Part 2 2. Prepare a forecissted statement of reteined earnings for Nicoles Getaway Spa for the year ended Decemtrer 34,7021