Have you ever written down a budget for yourself? A budget has a lot in common with an income statement. While the income statement shows the money earned by the company minus the money spent to earn that money, a budget anticipates how much money will go in and how much money will go out. Using spreadsheet software, prepare a monthly budget for yourself. Research using the resources in the sidebar to get started. Turn it in when it is completed.

I included an example of an INCOME STATEMENT for reference. :)

Imaginary Friends Photography Income Statement For the Year Ended December 31, 20XX $ 12,235.00 Revenue: Expenses: Supplies Rent Utilities Miscellaneous Total Expenses Net Income $ 540.00 6,000.00 1,235.00 230.00 $ $ 8,005.00 4.230.00 Imaginary Friends Photography Income Statement For the Year Ended December 31, 20XX $ 12,235.00 Revenue: Expenses: Supplies Rent Utilities Miscellaneous Total Expenses Net Income $ 540.00 6,000.00 1,235.00 230.00 $ $ 8,005.00 4.230.00