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Paula has formed her own pool service and supply company. Ste tas decibed so incomporale the business to lime her legal labilty. She invests 555,000 of her oath savings and receve 3,000 sharns \$4,200, pool nupples imvenlory, 516,800 , net PPE, $29,000 (and $5,090 n acournulated interest only loan payabin to the bark $6,900 at vos intesest per monen. 5 he has $13,400 in retaned earnivgs. of $25,900, cost of supples used $10,100, other adminiatrative experives pad 30,400 , and income tax exponse of 55,900 (paid). She pays herset a \$10,000 dividend as the sole stodeholifer of the company. She collocted all of the outatanding AR (ile. Inst monters AR) snd 56,000 of cuntent month sales. Please make opening (end af month 1) and dosing belanoe fend of month 24, and an incortes stalement for month 2 . Paula has formed her own pool service and supply company. Ste tas decibed so incomporale the business to lime her legal labilty. She invests 555,000 of her oath savings and receve 3,000 sharns \$4,200, pool nupples imvenlory, 516,800 , net PPE, $29,000 (and $5,090 n acournulated interest only loan payabin to the bark $6,900 at vos intesest per monen. 5 he has $13,400 in retaned earnivgs. of $25,900, cost of supples used $10,100, other adminiatrative experives pad 30,400 , and income tax exponse of 55,900 (paid). She pays herset a \$10,000 dividend as the sole stodeholifer of the company. She collocted all of the outatanding AR (ile. Inst monters AR) snd 56,000 of cuntent month sales. Please make opening (end af month 1) and dosing belanoe fend of month 24, and an incortes stalement for month 2

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