Show me an income statement and statement of retained earnings for this case. Hunter spoken to a friend, Michelle, about this business idea and she has determined that he can feasibly sell eighty-five laptops in his first year of business at an average price of $495 per laptop. Hunter has contacted a major computer manufacturer who has quoted him $1,625 for five laptops, $3,150 for ten laptops, or $28,500 for 100 laptops. Michelle also projects one-hundred-and-fifty laptop repairs in the businesss first year, with each repair priced at $95. On average, a laptop repair would cost Hunter $40 in labour costs (he cant do repairs himself but is hoping he can learn over time), $10 in materials, and $5 in variable overhead costs. Michelle isnt confident projecting numbers beyond two years but thinks Hunter should be able to grow sale and repair numbers by 50% in year two and at least sustain that level in following years. Michelle has stressed that trend analysis is important. Hunters additional expenses would be $1,300 a month for rent, $350 a month for utilities, and $200 a month for advertising. Hunter plans to use a combination of debt and equity financing- he plans to pay interest of $150 a month and dividends totaling $15,000 at the end of the year. Since Hunter knows many wealthy businesspeople around the world (mainly through a family friend named Barack), he foresees no issues with getting money- he is planning to just call people and ask them if they want to buy shares or loan money to his new company. Hunter is wondering how much money he might be able to withdraw at the end of the businesss first year- he doesnt want to withdraw any cash which wasnt technically profit. He wants you to prepare, using proper formatting, a first-year projected income statement and statement of retained earnings for him