1. Janice decides to quit her $20,000 a year job and open a small store selling high fashion clothes. To start her store, she takes $100,000 out of her savings account. She had inherited this money from her parents. During the first year, her expenses are as follows:
Rent for the Store $15,000
Four Hired Workers $80,000
Clothes $100,000
Accounting Firm $3,000
Electricity $2,000
Insurance $5,000