Required information (The following information applies to the questions displayed below] Nicole Mackisey is thinking of forming het 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 bank, $2,650. amounts due from customers from spa treatments, $1,830, bullding and equipment, \$75,000; amounts owed to beauty supply outsets for spa equipment, $4,710; notes payable to a local bank for $39,370. Cash dividends of $7,000 wili be paid to the stockholders during the year. Nicole also forecasts that first-year soles revenues will be $58,000; wages will be $26,500; the cost of supplies used up will be $9.500; office expenses will be $7,500; and income taxes will be $2,100. Required: 1. Based on Nicole's estimates, prepare a (forecasted) income statement for Nicole's Getaway Spa for the year ended December 31 , 2021