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Required information CC1-1 (Algo) Financial Statements for a Business Plan [LO 1-2, LO 1-3] The following information applles to the questions displayed below] Nicole Mackisey

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Required information CC1-1 (Algo) Financial Statements for a Business Plan [LO 1-2, LO 1-3] The following information applles to the questions displayed below] Nicole Mackisey is thinking of forming her own spa business. Nicole's Getaway Spa (NGS). Nicole expects that she and two family members will each contribute $10,000 to the business and recelve 1,000 shares each. Nicole forecasts the following amounts for the first year of operations, ending December 31, 2021: Cash on hand and in the bark. $4.050 : amounts due from customers from spe treatments, $1,970; building and equipment, $73,000; amounts owed to beauty supply outlets for spa equipment, $4.850; notes payable to a local bank for $39.770. Cash dividends of $4.600 will be pald to the stockholders during the yeac. Nicole also forecasts that first year sales revenues will be $77,000; wages will be $33,500, the cost of supplies used up will be $16.500, office expenses will be $14,500; and income taxes will be $3,500. CC1.1 (Algo) Part 4 4. Me creditors or stockholders expected to supply most of the financing for NGS's assets at December 31, 2021? Creditois Stockholders

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