$2023$ Financials:

Cash and equivalents reduced from $$50,000$ to $$20,000,$

Short$-$term investments rose from $$20,000$ to $$25,000,$

Accounts receivable grew from $$100,000$ to $$120,000,$

Prepaid expenses went up from $$40,000$ to $$55,000,$

Total current assets inched up from $$210,000$ to $$220,000,$

Accounts payable enlarged from $$80,000$ to $$100,000,$

Accrued expenses went up from $$40,000$ to $$50,000,$

Total current liabilities went up from $$190,000$ to $$230,000.$

Please find below the extracts from the minutes of our most recent meeting:

Trainee Accountant: "Jude, after reviewing the financials, there's been an uptick in revenue to $$550,000.$ Yet, our liquidity has weakened, and notably, our net income has dipped to $$240,988$ from last year's $$280,908."$

Jude: "Are all income sources included in this? And how much has our current ratio fallen?"

Trainee Accountant: "Yes, all income sources are considered. The surge in operating expenses to $$310,000$ is the main reason for our financial pinch, which also led to this year's profit decrease."

Jude: "This drastic turn from profit to a lower profit margin is worrying. We must scrutinize our growth strategy and financial controls. Could we have missed something in our accounts?"

Trainee Accountant: "Rest assured, the analysis is accurate. The loss is mainly due to the higher operating costs, especially from upgrading our spa facilities, impacting our earnings."

Jude: "It's a challenging time. Our investment in the wellness experience was substantial. We need to re$-$evaluate our strategies to ensure financial stability while still aiming for our long$-$term goals. We might have overextended financially."

make balance sheet and fixed asset not given but assume any amount for fixed asset