Katerina Slovenka Decided to Turn Her Love of Movies into a Small

Katerina Slovenka decided to turn her love of movies into a small business and has just finished her first month operating a neighbourhood video store.She has kept a notebook of her financial transactions for the month and has approached you to help her decide if she should continue in business.She is discouraged, because although she thought she rented a lot of movies, her bank account has decreased instead of increased.She started the business by buying 100 DVDs; she estimates that the average video has a rental life of three months and that she will add 40 new and replacement titles every month.
Katrina's Notebook $\begin{array}{llr}\text { Date } & \text { Purpose } & \text { Amount } \\\text { June 1 } & \text { opening balance } & \$ 1,000 \\\text { June 1 } & \text { purchase of 100 titles } & -400 \\\text { June 1 } & \text { payment of June's rent } & -250\\\text { June 1-8 } & \text { rental fees collected } & 175 \\\text { June } 2 & \text { purchase of office supplies } & -125 \\\text { June } 9-16 & \text { rental fees collected } & 200 \\\text { June } 17^{\text {th }} & \text { late fees collected } & 5\\\text { June } 18^{\text {th }} & \text { purchase of DVD player for the store to show movies } & -225 \\\text { June } 17-24 & \text { rental fees collected } & 225 \\\text { June 26 }^{\text {th }} & \text { ordered in pizza } & -20 \\\text { June 24-20 } & \text { rental fees collected } & 250 \\\text { June 30 }^{\text {th }} & \text { payment of July's rent } & -250\end{array}$ Required:
A) Prepare a statement that organizes the information collected in a useful way.B) Explain to Katerina why you organized it the way you did.
C) Should Katerina continue in business? Support your answer.