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help me 3. After taking FN-401, you are inspired to start your own donut business. You take out a $500 thousand loan to purchase a
help me 3. After taking FN-401, you are inspired to start your own donut business. You take out a $500 thousand loan to purchase a building, two ovens, and a cash register. In your first year, you made $200 thousand in donut sales and paid $100 thousand to purchase flour, eggs, and sugar (materials you use to make the donuts). You had to pay about $20 thousand in taxes and $30 thousand in interest. Your oven depreciates $10 thousand during the first year. [10] 3a. What is your company's net income? 3b. How much are your company's fixed assets worth
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