Luscious Layers Bakery opened in February 2016 with $60,000 in capital and a $40,000 loan at 8% interest. In February, they purchased supplies, equipment, and inventory and paid initial business expenses. In March, they continued purchasing supplies and inventory, selling products, and paying operational expenses. Payroll was paid biweekly for employees Kelsey, Janie, Darren, Meredith, and Chanice. The bakery also subleased space to a cookie store and held various sales and catering events throughout the months.