Frustrated by not being able to find a pair of red cowboy boots in her size, a Florida woman, who works as a bookkeeper, decides to open her own business with her out-of-work husband. Although the store manages to earn a small profit, early sales returns dampen the couple's enthusiasm. Now they need to plan for the year ahead. Students are given a balance sheet and income statement for 2006, and are asked to prepare a forecasted balance sheet and income statement for 2007.