To make sure he and his family have enough to live on, Ricky will pay himself a monthly salary of K9,000 in January 2020, increasing by 10% in February, March and April. He will then maintain the April level for the rest of the period. He has K50,000 saved up that he will pay into the business bank account in January 2020 to get the business started. Ricky has heard that you are studying for your Bachelors Degree in Accounting and has asked for some help in budgeting for the business.