please be sure the answer is completely correct as I do not get a redo

Required information [The following information applies to the questions displayed below.] Penny Cassidy is considering forming her own pool service and supply company. Penny's Pool Service \& Supply. Incorporated. She has decided to incorporate the business to limit her legal liability. She expects to invest $26,000 of her own savings and receive 1,500 shares of common stock. Her plan for the first year of operations forecasts the following amounts at December 31 , the end of the current year cash in bank, $3,500; amounts due from customers for services rendered, \$2,900; pool supplies inventory, $5,200; equipment, $28,600; amounts owed to Pool Corporation, Incorporated, a pool supply wholesaler, $4,100; note payable to the bank, $5,600. Penny forecasts first-year 5 ales of $63,600, wages of $24,600, cost of supplies used $8,800, other administrative expenses of $5,100, and income tax expense of $4,600. She expects to pay herself a $16,000 dividend as the sole stockholder of the company. If Penny's estimates are correct, what would the following first-year financial statements look like for Penny's Pool Service \& Supply, Incorporated? Required information PENNY'S POOL SERVICE \& SUPPLY, INCORPORATED Income Statement \begin{tabular}{|l|l|} \hline & \\ \hline Revenues & \\ \hline & \\ \hline Total revenues & \\ \hline Expenses & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Prev