TOYS $4$ U Project

Julianne has worked in a retail toy store for $8$ years. Last year, Julianne's wages were $$60,000.$ Lately, Julianne has been unhappy with the shop's owner. Convinced that she could run a toy store better at a lower cost, Julianne decided to go into business for herself and opened her own shop called Toys $4U$ on January $1^{st}$ of the year.

To get the business going, Julianne decided to invest heavily in advertising. She spent $$10,000$ on advertising aimed at consumers. Julianne also purchased computers, printers, and other equipment needed for her retail store for $$6,000.$ She estimated that the equipment she purchased can be used for about five years before maintenance costs would be too high and they would need to be replaced. All equipment is estimated to be worth $10\%$ of their original cost at the end of their life.

At the end of the first year of business, Julianne had received $$150,000$ in cash from customers, of which $$10,000$ was cash paid in advance for pre$-$ordered toys.

A review of Julianne's checkbook shows she paid the following $($in addition to those mentioned previously$)$ during the first year of business:

$\backslash$table$[[$Toys Beginning Inventory, Jan $1,$$$70,000$