CC1-1 Financial Statements for a Business Plan Nicole Mackisey is thinking of forming her own spa business, Nicole's Getaway Spa (NGS) Nicole expects that she and two family members will each contribute $10,000 to the business and receive 1,000 shares each. Nicole forecasts the following amounts for the first year of operations, ending December 31, 2015: Cash on hand and in the bank, $2,150; amounts due from customers from spa treatments, $1,780, building and equipment, $70,000; amounts owed to beauty supply outlets for spa equipment, $4,660; notes payable to a local bank for $38,870. Cash dividends of $2000 will be paid to the stockholders during the year. Nicole also forecasts that first-year sales