in 2021, Julia started a new business, Joby Doors, and hired her friend Mike Julia bullds beautiful wooden doors while Mile transports them to customers and helps them with installation. Most customers agree to get their doors de vered and installed a $350 cost), but others decide to simply pick them up a $200 cost) There were 224 doors picked up in 2021 Mke is paid $200 per day worked. Julia's records show that Mive worked 175 days in 2021 and installed 410 doors, Jula estimates that wood for each door costs her 560, along with a 515 delivery fee. Other expenses are $1,500 per month for rent and ulties, and $10 per door for painting supplies and other minor materiali To begin her business, Juia purchased $93,000 of used equipment and a $20000 truck She was told that the equipment would likely fast 9 years, at which point it could be scrapped for $3,000 (a scrapyard would pay her for the metal) Jula plans to own the truck for 80,000 kilometers of use (about 6 years of consistent usage), then sell for $4,000. Julia is wondering how this equipment and truck should be reported on a balance sheet in 2022, Julia expects sales to increase 10%. She is pushing Mive to work for her till time 250 days a year), but he is reluctant to quit his job. He is requesting a salary of $30,000 with commission of $50 per door installied Julia wonder if it is better to hire a second employee on a part-time basis (same pay structure as Mike's in 2021) Type out Julia's 2021 Income Statement. Correctly format your work, pulling dollar signs at the appropriate places and indicate which numbers should be double- underlined using a Durabel Alto give Juin some advice on how to account for her equipment and truck. Finally, analyze and comment on things Julia has done well things she could improve on, and things she should keep an eye on in 2022 + % 7 income statement for 2021 sales revenues (37200-78400) 115600 Expenses Sulata $35000 ENG 09:36 AM 11.11.2001