Required information CC1-1 (Algo) Financial Statements for a Business Plan [LO 1-2, LO 1-3] [The following information applies 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 famlly members will each contribute $10,000 to the business and receive 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 bank, 54,050 : amounts due from customers from spa treatments, $1,970; bulding and equipment, $73,000; amounts owed to beauty supply outiets for spa equipment, $4,850; notes payable to a local bank for $39770. Cash dividends of $4,600 will be paid to the stockholders during the year. Nicole also forecasts that first-year sales revenues will be $77000; wages will be $33,500, the cost of supplies used up will be $16,500, office expenses will be $14,500, and income faxes will be $3.500. CC1.1 (Algo) Part 2 2. Prepare a (forecasted) statement of retained eamings for Nicoles Getaway Spa for the year ended December 31. 2021