Nicole Mackisey is thinking of forming her own spa business, Nicole's Getaway Spa (NGS). Nicole expects that she and two family members will each contribute $11,000 to the business and recelve 1,000 shares each. Nicole forecasts the following amounts for the first year of operations, ending December 31,2021 : Cash on hand and in the bank, $3.050; amounts due from customers from spa treatments, $1,870; building and equipment, $79,000; amounts owed to beauty supply outlets for 5 pa equipment, $4,750; notes payable to a local bank for $39,770. Cash dividends of $4,000 will be paid to the stockholders during the year. Nicole also forecasts that first-year sales revenues will be $62,400; wages will be $28,500; the cost of supplies used up will be $11,500; office expenses will be $9,500; and income taxes will be $2,500. 3. Prepare a (forecasted) balance sheet for Nicole's Getaway Spa at December 31, 2021