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...

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