Legal Fees - from Operating Expense Budget

Murray anticipates to have legal fees and other professional services in 200X only. These fees are expected to be paid in July of 200X. As a result, Murray's 200X Forecasted Cash Flow Statement will show a Cash Outflow of $1200 in July (only) for legal fees. In addition, his 200X Forecasted Income Statement will show a $1,200 amount in his "Legal Fees Expense " account.

In 200Y, Murray doesn't suspect he'll require Legal Services. As a result, his 200Y Forecasted Income Statement and 200Y Forecasted Cash Flow Statement are NOT affected or altered.