Income Statement Bob is planning to sell balloons next summer. He will work on weekends, Friday, Saturday, and Sunday, June through August. To get good prices on materials and supplies he will need to buy in bulk in May. He will need to borrow money to cover his purchases Bob's parents will loan him the funds, but they are requiring Bob to provide an income statement. Bob has decided to charge $1.25 per balloon and thus expects to sell 200 balloons per day. By ordering in bulk, balloons will cost $0.25 each, the Helium tanks will cost $100 per month, and the string will cost $250 for 30,000 feet. Each balloon will use 3 feet of string. Bob will need to buy a vendor permit at $50 per month. He is also planning to buy a S500 ad in the summer edition of the visitor circular See DC. statement for the three months...and calculate his expected profit Bob's tax rate is 10%. Develop a single income