Nicole Mackisey is thinking of forming her own spa business, Nicoles 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, 2013: Cash on hand and in the bank, $3,250; amounts due from customers from spa treatments, $1,890; building and equipment, $72,000; amounts owed to beauty supply outlets for spa equipment, $4,770; notes payable to a local bank for $39,970. Cash dividends of $6,500 will be paid to the stockholders during the year. Nicole also forecasts that first year sales revenues will be $64,100; wages will be $29,500; the cost of supplies used up will be $12,500; selling and administrative expenses will be $10,500; and income taxes will be $2,700. Required: 1. Based on Nicoles estimates, prepare a (forecasted) income statement for Nicoles Getaway Spa for the year ended December 31, 2013. 2. Prepare a (forecasted) statement of retained earnings for Nicoles Getaway Spa for the year ended December 31, 2013. 3. Prepare a (forecasted) balance sheet for Nicoles Getaway Spa at December 31, 2013. 4. As of December 31, 2013, would most of the financing for assets come from creditors or stockholders? Creditors Stockholders