Need help with finding the contributed capital and retained earnings. If theres any infoI may have missed i am open to hearing that too!! "Nicole Mackisey is thinking of forming her own spa business, Nicole's Getaway Spa (NGS). Nicole expects that she and two family members will each contribute $6,500 to the business and receive 650 shares each. Nicole forecasts the following amounts for the first year of operations, ending December 31, 2017: cash on hand and in the bank, $3,030; amounts due from customers from spa treatments, $1,230; building and equipment, $94,525; amounts owed to beauty supply outlets for spa equipment, $5,750; notes payable to a local bank, $69,035. Cash dividends of $1,300 will be paid to the shareholders during the year. Nicole also forecasts that first-year sales revenues will be $72,500, wages will be $43,500, the cost of supplies used up will be $10,100, selling and administrative expenses will be $10,200, and income taxes will be $2,900."

3. Prepare a forecasted) balance sheet for Nicole's Getaway Spa at December 31, 2017. S 72,500 NICOLE'S GETAWAY SPA Balance Sheet (forecasted) At December 31, 2017 Assets Cash Accounts receivable Building and equipment NICOLE'S GETAWAY SPA Income Statement (forecasted) For the Year Ended December 31, 2017 Sales revenue Expenses Wages expense Supplies expense Selling and administrative expenses Income tax expense $ 43,500 3,0301 1.230 94,525 10.100 10,200 2,900 98,785 Total assets Liabilities Accounts payable Notes payable $ 5,750 69,035 Total expenses Net income 68,700 5,800 S 74,786 Total Liabilities Shareholders' equity Contributed capital Retained earnings NICOLE'S GETAWAY SPA Statement of Retained Earnings (forecasted) For the Year Ended December 31, 2017 Retained earnings, January 1, 2017 Add: Net income Less: Dividends Retained earnings, December 31, 2017 S 0 5,800 Total shareholders' equity Total liabilities and shareholders' equity $ 74,786 1,300 4.500 4. As of December 31, 2017, would most of the financing for assets come from creditors or shareholders O Shareholders O Creditors