Make a chart of liabilities and equity.

Overview of cost of supplies and materials: Warehouse (monthly rent cost): 15,000$ Go-kart track cost: 20,000$ Go-kart cost: 1500$ per kart (10 karts = 15,000$, first year) Helmet cost: 20$ per helmet (13 helmets = 260$) Snacks and Souvenirs: 10,000$ (40-pack chip bulk for 15$) Monthly competitions prizes: 20$ first place trophy, 15$ medals for second and third place Salaries are calculated after everything else. Utilities expense- $15,000 Gasoline expense- 20,000 Maintenance- 21,000 Insurance- $500 per month= $6000 yearly Investment of 1,000,000. 5% interest (50,000). Paying 250,000 to the investor this year. (1,000,000/5) = 20,000+ 50,000 Individual tax- 20% (to be calculated on each person's salaries) Corporate tax-30% Overview of estimated revenue we make this year: Admission cost: 25$ per person, 15 laps 75,000 people in a year (1,875,000$ yearly) Snacks and souvenirs: 2$ cost (200,000$ yearly) 2 Food stands working at our establishment rent: 6000$ monthly = 144,000$ (rent we earn)