Suppose in the month of June your bank granted a business a $5,000 loan with principal plus interest (calculated at 12% per year) due to be repaid in 6 months. The transactions that business occurred during that month of operation were as follows: - On June 1st, signed a 2-year contract to lease a food truck for $200 per month, with the first two months paid up front.

- On June 1st, purchased a freezer for $2,400 in cash with an estimated useful life is 20 years.

- On June 4th, purchased $800 worth of inventory from their supplier, put on their account.

- On June 5th, purchased $46 worth of gasoline for their business' truck.

- On June 5th, were charged $100 for booking fees.

- On June 10th, were charged $75 for booking fees.

- On June 12th, received a $40 gift of which was spent $24 on recreation.

- On June 15, purchased $55 worth of groceries

- On June 20th, were charged $300 for booking fees.

- On June 20th, purchased $36 worth gasoline for their business' truck.

- By June 30th, the company sold 250 products at $5 each.

The company is interested in acquiring another $5000 loan to expand. Prepare a financial report, and determine from the position of your bank should you grant the additional loan, refuse but continue business with the company, or recall the first loan.