The following Information applies to the questions displayed below Nicole Mackisey is thinking of forming her own spe business, Nicole's Getaway Spo (NGS). Nicole expects hat she and two family members will each contribute $10,000 to the business and receive 1,000 shares esch. Nicole forecasts the following amounts for the first year of operations, ending December 31, 2015: Cash on hand and in the bank, $3.350 amounts due from customers from spe treatments, $1,900; building and equipment, $73.000; amounts owed to beauty supply outlets for spa equipment, $4780: notes payable to a locel bank for $40.070. Coash dividends of $2.500 will be paid to the stockholders during the year Nicole also forecosts that first yeer sales revenues will be $62.700; wages will be $30,000: the cost of supplies used up will be $13.000; office expenses will be $11.000: and income toxes will be $2.800 1.50 points Required 1. Based on Nicole's estima:es, prepare a (forecasted) ncome statement for Nicole'a Getaway Soa far the year ended December 31. 2015 NICOLE'S GETAWAY SPA Income Statement (forecasted) For the Year Ended December 31, 2015 The following Information applies to the questions displayed below Nicole Mackisey is thinking of forming her own spe business, Nicole's Getaway Spo (NGS). Nicole expects hat she and two family members will each contribute $10,000 to the business and receive 1,000 shares esch. Nicole forecasts the following amounts for the first year of operations, ending December 31, 2015: Cash on hand and in the bank, $3.350 amounts due from customers from spe treatments, $1,900; building and equipment, $73.000; amounts owed to beauty supply outlets for spa equipment, $4780: notes payable to a locel bank for $40.070. Coash dividends of $2.500 will be paid to the stockholders during the year Nicole also forecosts that first yeer sales revenues will be $62.700; wages will be $30,000: the cost of supplies used up will be $13.000; office expenses will be $11.000: and income toxes will be $2.800 1.50 points Required 1. Based on Nicole's estima:es, prepare a (forecasted) ncome statement for Nicole'a Getaway Soa far the year ended December 31. 2015 NICOLE'S GETAWAY SPA Income Statement (forecasted) For the Year Ended December 31, 2015