Henri quit his job as a teacher earning AUD 70,000 per year to start his own food kiosk business. To save on rent, Henri utilized his own property. He normally earned AUD 50,000 annual rent from this property. Also, to start the business, Henri used AUD 60,000 from his own savings which he earned 4% interest per year. Further in order to start the business, Henri borrowed $40,000.00 from the bank and was paying 6% interest per year.

Henri's first year of business can be summarized as follows:

Ftevenue Feed section 250.000 Ftevenue- Liquor 180,000 Revenue50ft drinks 40,000 2 Cashiers expense {wages per worker} {30,000} Feed van {100,000} Feed preservatives {30,000} Equipment expense {60,000} Motorcycle expense to ease movement in citv {30,000} Manager wages {60,000} 2 feed freezers {test per freezer} {5000}