Peter wants to start a barbershop. He would like to have an extra $$1,430$ per month to help with his house payments. He has found a location that will rent him space for $$775$ per month, plus an additional $$140$ for electricity and water. He will need a capital investment of $$120$ for the necessary clippers and equipment that he will depreciate over the first year in equal amounts. In addition, he will need small items such as towels, combs, and so on$.$ This cost will be about $$180$ per year. He adds $$30$ per month for miscellaneous expense items that may pop up throughout the month.

View the budget forecast template.

Read the requirements.

Requirement a$.$ Help Peter till in the budget forecast that will show his monthly and yearly revenues with the numbers outlined in the problem statement.

Budget Forecast

Month

Year

Revenue

Expenses

Rent $$

Electric$/$Water $$

Depreciation $$

Other small items $$

Misc Items $$

Total Expenses $$

$$,1,430$$$,17,160$