You are the accountant working for a large brick-and-mortar flower store and your boss have recently chartered you to start the project that would take the flower shop online. You are now tasked with build a data model that supports the business of an online flower store. Your boss browsed a few online flower shops and have decided the some basic requirements:1. Online store must be able to support 2 types of customers, business and retail.

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.