Make a balance sheet for the following data-

One Time Start-Up Costs:
Rent Deposit	$4,000
Furniture & Fixtures	$8,000
Equipment	$6,000
Buildout/ Renovations	$10,000
Decorating, Painting and Remodeling	$3,500
Installation of Fixtures & Equipment	$2,000
Starting Inventory	$20,000
Deposits with Public Utilities	$1,500
Legal and Other Professional Fees	$5,000
License and Permits	$3,000
Advertising and Promotion	$2,000
Consulting	0
Software	$3,000
Cash	$7,500
Other: Contingency for unexpected exp.	$6,000
Total One Time Start-Up Costs:	$81,500
Monthly Expenses:
Bank Charges	$200
Debt Service (Principal & Interest)(6% interest paid monthly for 2 years at 103,840)	$4,600.00
Insurance	$400
Membership & Dues	$200
Maintenance & Repairs	$300
Marketing & Promotion: Advertising	$1,000
Miscellaneous	$500
Payroll: Wages (Owner/ Manager)	0
Payroll: Wages (Employees)	$2,500
Payroll Tax	$400
Professional Fees: Accounting	$200
Professional Fees: Legal	$400
Professional Fees: Other	0
Rent	$4,000
Supplies: Office	$200
Supplies: Operating	$400
Telephone	$200
Utilities	$600
Total Monthly Expenses:	$16,100
Number of months required to cover Expenses:	3 Months
Working Capital-	$48,300
TOTAL START-UP FUNDS REQUIRED:	$129,800

Loan Amount (At 80% of Total Start-Up) ( At 6% interest paid monthly for 2 years)

$103,840

Income Statement

Revenue	Year 1
Sales	320,000
Less:Sales Return
Less:Discounts and Allowances
Net Sales	$320,000.00
Cost of Goods Sold
Materials	$96,000.00
Total Cost of Goods Sold	$96,000.00
Gross Profit	$224,000.00
Operating Expenses
Wages	$30,000.00
Payroll Tax			$4,800.00
Advertising	$12,000.00
Repairs & Maintenance	$3,600.00
Profession Fees: Legal + Accounting	$7,200.00
Rent/Lease	$50,000.00
Utilities			$7,200.00
Telephone Expenses	$2,400.00
Insurance	$4,800.00
Supplies: Operating	$4,800.00
Supplies: Office	$2,400.00
Membership & Dues			$2,400.00
Miscellaneous	$6,000.00
Interest	$55,200.00
Bank Charges	$2,400.00
Total Operating Expenses	$195,200.00
Operating Profit (Loss)	$28,800.00