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 $10,000 to the business and receive 1.000 shares each. Nicole forecasts the following amounts for the first year of operations, ending December 31, 2018: Cash on hand and in the bank. $2,650; amounts due from customers from spa treatments, $1,830; building and equipment. $75,000; amounts owed to beauty supply outlets for spa equipment, $4,710: notes payable to a local bank for $39,370. Cash dividends of $7,000 will be paid to the stockholders during the year. Nicole also forecasts that first-year sales revenues will be $58,000, wages will be $26,500, the cost of supplies used up will be $9,500; office expenses will be $7,500; and income taxes will be $2,100. 1. Based on Nicole's estimates, prepare a (forecasted) income statement for Nicole's Getaway Spa for the year ended December 31, 2018 pints Book NICOLE'S GETAWAY SPA Income Statement forecasted) For the Year Ended December 31, 2018 Revenues References 0 0