Assume that you are going to open up a lemonade stand. You have savings in cash of $100 to begin your venture. You must pay for everything used in the operation of your business. Clearly, you'll want to allocate monies towards marketing your business i.e. signs, pens etc. Create a simple fictitious income statement that reflects your profit and/or loss after your first month of operation. Be sure to include the following: Revenues, cost of goods sold, gross profit, operating expenses and net income before taxes. Include only those expense categories that you use during the course of business.