Penny Cassidy is considering forming her own pool service and supply company, Penny$$s Pool Service & Supply, Incorporated. She has decided to incorporate the business to limit her legal liability. She expects to invest $$31,000$ of her own savings and receive $2,000$ shares of common stock. Her plan for the first year of operations forecasts the following amounts at December $31,$ the end of the current year: cash in bank, $$7,000$; amounts due from customers for services rendered, $$3,400$; pool supplies inventory, $$5,700$; equipment, $$29,100$; amounts owed to Pool Corporation, Incorporated, a pool supply wholesaler, $$4,600$; note payable to the bank, $$6,100.$ Penny forecasts first$-$year sales of $$66,600,$ wages of $$25,100,$ cost of supplies used $$9,300,$ other administrative expenses of $$5,600,$ and income tax expense of $$5,100.$ She expects to pay herself a $$18,000$ dividend as the sole stockholder of the company.

If Penny$$s estimates are correct, what would the following first$-$year financial statements look like for Penny$$s Pool Service & Supply, Incorporated?