It is the end of November and Natalie has been in touch with her grandmother. Her grandmother asked Natalie how well things went

in her first month of business. Natalie, too, would like to know if the company has been profitable or not during November. Natalie

realizes that in order to determine Cookie Creations' income, she must first make adjustments.

Natalie puts together the following additional information.

A count reveals that $$35$ of baking supplies were used during November.

Natalie estimates that all of her baking equipment will have a useful life of $5$ years or $60$ months. $($Assume Natalie decides to

record a full month's worth of depreciation, regardless of when the equipment was obtained by the business.$)$

Natalie's grandmother has decided to charge interest of $6\%$ on the note payable extended on November $16.$ The loan plus

interest is to be repaid in $24$ months. $($Assume that half a month of interest accrued during November.$)$

On November $30,$ a friend of Natalie's asks her to teach a class at the neighborhood school. Natalie agrees and teaches a

group of $35$ first$-$grade students how to make Santa Claus cookies. The next day, Natalie prepares an invoice for $$300$ and

leaves it with the school principal. The principal says that he will pass the invoice along to the head office, and it will be paid

sometime in December.

Natalie receives a utilities bill for $$45.$ The bill is for utilities consumed by Natalie's business during November and is due

December $15.$