Stephanie is getting ready to start a graphic design business specializing in logo and brand development as well as infographics. Stephanie needs to borrow some money from the bank and her loan officer has asked her for a business plan and financial projections.

Stephanie has made the following list of startup expenses:

• $2,500.00 Office furniture
• $1,500.00 Attorney fees and initial accounting setup
• $1,500.00 Sign for building
• $7,500.00 Computers and Printers
• $1,000.00 Rent deposit for office space
• $5,000.00 Working capital for Misc. expenses
• $1,000.00 Misc. office supplies

Stephanie has asked the bank for a business loan to cover the initial expenses. After reviewing her plan, the bank has offered a loan of 80% of the initial expenses and is requiring a 20% down payment by Stephanie.

1) Please help Stephanie complete a Sources and Uses of Funds Statement that accurately summarizes the above information.