I submitted the same question but the expert was answering with Isabellas name, I dont understand.

Please, answer and Prepare a statement of income, statement of cash flows, balance sheet

Ava After graduating with a diploma in business administration in Montreal, Ava got hired as an assistant to Frank, the director of operations at a local tech company. She has been working at the job for the past three months. Her role includes scheduling and attending meetings, sending emails, and booking travel and entertainment for visitors to the company headquarters in Montreal. She works part-time five days a week from 8 am to noon and is paid about $31,000 annually. During her free time, Ava volunteers as a cleaner for a not-for-profit organization called Keeping It Clean. The organization supports people with mental and physical disabilities by helping to keep their homes clean. The organization is run by donations made possible by large corporate donors, community partners, and volunteers like Ava. Although she enjoys the hustle and bustle of the corporate environment, Ava feels much more satisfied with her volunteer work with Keeping It Clean. Sensing that she may not be happy, Frank has offered Ava a full-time position with the company, upping her salary to $62,000 per year plus benefits. At the same time, due to her enthusiasm and great effort at Keeping It Clean, the President of the not-for-profit organization has offered her a position as Head Coordinator. This position would entail working more complex jobs and scheduling/coordinating the other volunteers within the organization. Even though Ava is excited about both offers, she has always wanted to pursue entrepreneurship. Hence, she is contemplating starting her own cleaning business. To kick things off, she has researched and gathered some numbers. Accounting was the worst subject in her diploma, so she seeks your help analyzing her options. Ava sees a trend of individuals getting busier and, consequently, needing more time or energy to keep their homes clean and organized. With her home cleaning/organizing business, she could help people maintain tidy and organized homes. Also, due to the pandemic, corporations and larger residential complexes seek more frequent cleaning to reduce pathogens, viruses, and bacteria. With the help of her parents, Ava has saved $7,500 to invest in her business. If she were to start her own housekeeping business, Ava forecasts these figures: For CloudBnB, Ava plans to find short-term rental property owners nearby and directly market her cleaning services. She has seen job postings for CloudBnBs located in Whistler. Although these would be far from home, they could offer lucrative profit opportunities. However, Ava knows that CloudBnB rentals depend on tourism and usually spike in the winter for the ski season and the summer for hiking. Ava estimates that she can generate some quick success in her first year based on her existing connections and some word-of-mouth marketing. She believes she can book 15 individual houses every week, five residential buildings, four corporate cleaning clients, ten special projects, and four consistent CloudBnB contracts in the summer and winter. She informs you that her ideal workweek includes 30 hours (including commuting). She wants to continue volunteering one day a week with Keeping It Clean. She wonders about her company's service mix and how it can maximize revenues through the work hours invested. She also wonders if charging per hour or on a per-project basis is better. Ava will need about $600 individual houses every week, five residential buildings, four corporate cleaning clients, ten special projects, and four consistent CloudBnB contracts in the summer and winter. She informs you that her ideal workweek includes 30 hours (including commuting). She wants to continue volunteering one day a week with Keeping It Clean. She wonders about her company's service mix and how it can maximize revenues through the work hours invested. She also wonders if charging per hour or on a per-project basis is better. Ava will need about $600 in supplies, including gloves, masks, cleaning material, dusters, garbage bags, liquid bleach, and the like to get her business started. She will likely need to replenish these supplies once a month. She uses public transport but wants to purchase a gas vehicle to drive to and from various places and help carry her supplies. She is considering doing a pros and cons analysis of buying versus leasing a vehicle. She has found a 2019 used car on sale for $17,000; she is also considering hiring a hybrid vehicle from the dealership for $80 a month at 6.99% interest with $3,000 as a down payment. She thinks either car will last her five years. Ava is also planning to purchase an industrial vacuum cleaner for $900. She's unsure whether this and the vehicle would be recognized on the balance sheet or the income statement. Ava is looking into different advertising methods to boost sales and believes the best way is to start a website. She has a friend, David, who is a tech wiz and is willing to help create and host a website for a one-time fee of $3,300. She plans to boost her website through Google Ads and anticipates it will cost $130 monthly. With the additional investment in advertising, Ava expects the number of customers to increase by 25% for each type of service. David has also offered to be brought on as a 33% business partner and is willing to cover the cost of creating the website and the advertising costs with Google. If Ava bumps the partnership share to 50%, David will also take on the accounting tasks. Ava is uncertain whether to accept David's offer- he has a bachelor's degree in software engineering and tends to have a stubborn personality at times. Ava has also spoken to the bank, and it is willing to provide her with two products: a) a 7-year loan of $20,000 at 8.25% per year requiring monthly repayments, or b) a revolving line of credit of 18,000 at 8.00% per year Ava wants a detailed analysis of how much she will need to borrow and which structure is better for her. She doesn't understand the difference between a business loan and a line of credit, so an explanation would also help. Since Ava isn't great with projections and numbers, she asks you for help deciding if this business is lucrative enough to pursue and if she should quit her assistant job and volunteer role. She is also wondering about the importance of maintaining accurate records in general. She has never run her own business and isn't sure which business structure to implement and how to start dealing with bookkeeping. She wants some quick advice on journal entries, T-accounts, and the components of an income statement. Ava also wants ratio analysis, such as profitability indicators and return on investment or assets. Ava wants specific advice on what she should do. She wants to know if pursuing Ava's Housekeeping business is a good idea or if she should accept one of the other job offers. She wants detailed advice on business strategy, financing, ethical considerations, etc. She is open to advise beyond what is discussed in the case, but it should be relevant to her situation