CONTINUING PROBLEM CON1-1 Financial Statements for a New Business Plan Penny Cassidy is considering forming her own pool service and supply company, Penny's Pool Service&Supply, Inc. (PPSS). She has decided to incorporate the business to limit her legal liability. She expects to invest $20,000 of her own savings and receive 1,000 shares of common stock. Her plan for the firt year of operations forecasts the following anxounts at Decemher 31,the enf of the curent year Cash in bank. S2.0, amounts duc S8,200, other administrative expenses of $4.500, and income tax expense of $4,000. She expects to pay herself a $10,000 dividend as the sole stockholder of the company Roquirod