$[$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 family members will each contribute $$10,000$ to the business and receive $1,900$ shares each. Nicole forecasts the following amounts for the first year of operations, ending December $31,2021$: C$$sh on hand and in the bank, $$2,950$; amounts due from customers from spa treatments, $$1,860$; building and equipment, $$78,000$; amounts owed to beauty supply outlets for spa equipment, $$4,740$; notes payable to a local bank for $$39,670.$ Cash dividends of $$3,000$ will be paid to the stockholders during the year. Nicole also forecasts that first$-$year sales revenues will be $$61,800$; wages will be $$28,000$; the cost of supplies used up will be $$11,000$; office expenses will be $$9,000$; and income taxes will be $$2,400.$

CC$1-1($Algo$)$ Part $3$

$3.$ Prepare a $($forecasted$)$ balance sheet for Nicole's Getaway Spa at December $31,2021.[$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 family members will each contribute $$10,000$ to the business and receive $1,900$ shares each. Nicole forecasts the following amounts for the first year of operations, ending December $31,2021$: C$$sh on hand and in the bank, $$2,950$; amounts due from customers from spa treatments, $$1,860$; building and equipment, $$78,000$; amounts owed to beauty supply outlets for spa equipment, $$4,740$; notes payable to a local bank for $$39,670.$ Cash dividends of $$3,000$ will be paid to the stockholders during the year. Nicole also forecasts that first$-$year sales revenues will be $$61,800$; wages will be $$28,000$; the cost of supplies used up will be $$11,000$; office expenses will be $$9,000$; and income taxes will be $$2,400.$

CC$1-1($Algo$)$ Part $3$

$3.$ Prepare a $($forecasted$)$ balance sheet for Nicole's Getaway Spa at December $31,2021.$