This week youll need to set up an income statement. After speaking with Dante, you were able to glean some specific numbers for last month, which he said had been about the same the month before. These, along with the list of his expenses, should help you create his income statement. Last Months Income: In-person styling (flat fee + 15% commission on each item purchased): o Gina Mercer: $1,000 Items purchased (base/retail price, including taxes) Velvet pants: $98 Silk blouse: $115 Gray heels: $89 Small clutch: $44 Distressed pants: $140 Little black dress: $154 Silver crossbody: $229 Birthstone jewelry: $78 Magenta floral: $220 Tweed slacks: $110 o TOTAL: $1,277 o Jamal Dalton: $1,000 Items purchased (base/retail price, including taxes) Chukka boots: $328 Maroon hoodie: $115 Multicolor scarf: $58 Tuxedo pants: $222 Fitted jeans: $118 Cap-sleeve blouse: $109 Fitted puffer coat: $288 o TOTAL: $1,238 E-styling (flat fee + 15-20% commission via affiliate links): o Flora Diaz: $500 + $262.50 o Tommy Parsons: $500 + $189.92 o Chandra Thompson: $500 + $42.77 o Ace Forrester: $500 + $153.92 o Jameen Williams: $500 + $309.48 Partnerships: o Garon Bowties: (2 posts + 1 video) $3,500 o Free People: (3 posts + 1 video) $7,250 + $500 merchandise gift card Influencing the Influencer : weekly assignments o Betsy Johnson: (1 post + 1 appearance) $4,500 + $1,200 in free clothing Affiliate links (total including e-styling + social media links): o First deposit $1,753.22 o Second deposit $2,004.60 Dantes expenses (in addition to the clothing and accessories for clients): Adobe Creative Suite $55 / month Website hosting $250 / year Internet $70 / month Mileage (1,800 business miles) Computer $3,200 (Dont forget depreciation.) CPA you! ($575?) What will you charge? Billing system manages billing and invoices $200 / year + transfer fees $15 Automation service $250 / month Additional clothing/accessories/props $2,500 / month