Prepare a business plan and the first quarter Cash Budget for this business, create transactions and prepare a column worksheet for each month for the first 2 months of the business operation, and develop financial statements and finally analysing your business liquidity and profitability. The following are the detailed requirements.

1. The Business Plan and Cash Budget : Prepare your business plan report . Based on the Business Plan, develop a cash budget for the first quarter of your operation. You will base your cash budget on your business plan, incorporating the financial plan that you have outlined in your Business Plan.

2. Create hypothetical sets of transactions for the first two months of your business operation (10 - 15 transactions (including adjustments) each month). Prepare a column worksheet (for recording your transactions) for the end of each month

3. Prepare classified Income Statement (Statement of Profit or Loss) and Balance Sheet (Statement of Financial Position) for each month for the first two months.

4. After two months of operations, you want to know your business viability. Use your financial statements at the end of the second month to calculate your liquidity, profitability, operating capability, and financial flexibility ratios(create your own). Use applicable ratios according to your type of business.

5. Prepare a paragraph summary of your business viability - liquidity, profitability, operating capability, and financial flexibility, express your opinion/outlook/expectation about the business (200-300 words).