Extend Your Skills You are the owner of Baked Caf, a catering company with no retail storefront. You created this business to fill a market niche in Westchester County, New York. With a growing private popula tion and a thriving business community, you've discovered their need for your sweet, delectable baked goods. You have a selection of standard-size orders for cakes, cookies, and cupcakes. In addition, you create special orders for customized baked goods. An example would be a cake decorated for a graduation party containing the school's insignia. Throughout the Extend Your Skills exercises in this course, you will build upon your work done in the previous chapter. In this first chapter, you will determine which edition of QuickBooks is best for your company and will make other decisions regarding how to use QuickBooks, including devising a backup plan. Think of the preliminary steps necessary to create and start using QuickBooks to track your new company. Open EYS_01_Preliminary Steps Worksheet.docx and complete all fields. Note: Within the package of exercise files that you have already downloaded you will find Quick- Books files that you will need to use for the Extend Your Skills exercises. Be sure to also check the EYS Miscellaneous Files folder in your file storage location for other additional and necessary files. QuickBooks Desktop Pro 18 Extend Your Skills Chapter 1 Preliminary Steps Worksheet Baked Caf 1. What version of QuickBooks is best suited for this company: 2. Where should the company file be stored? 3. Where should the company file be backed up? 4. How often should the company file be backed up? 5. List 5 accounts, one for each of the main types of Account Normal Balance accounts and what their normal balance would be. (Hint: Utilities would be an example of an Expense account.)