Your good friend Kobe has always expressed interest in opening his own art studio. He has been painting and selling

Your good friend Kobe has always expressed interest in opening his own art studio. He has been painting and selling his artwork for years and already has a good customer base. In January of this year he started the process of formally setting up a business named Kobe’s Krafts; he filed for an Employee Identification Number (EIN) in February. Kobe found and rented an art studio on March 1st, and has been cleaning, painting, and setting up the space ever since. The grand opening was April 1, 2020