Assets

Ninety percent of the sales were on account.

Inventory at the beginning of $2023$ was $$103,500.$

Total assets at the beginning of $2023$ were $$681,000.$

Total liabilities at the beginning of $2023$ were $$350,000.$

Total current liabilities at the beginning of $2023$ were $$169,000.$

Retained earnings at the beginning of $2023$ was $$89,800$ and shareholders' equity was $$331,000$

Accounts receivable at the beginning of $2023$ were $$79,100,$ net of an allowance for expected credit losses of $$2,720.$

In $2024,$ $$1,390$ of dividends was paid to the common shareholders.

The allowance for expected credit losses was $$4,780$ in $2023$ and $$7,430$ in $2024.$

Net cash provided by operating activities was $$127,500$ in $2023$ and $$144,400$ in $2024.$

Net capital expenditures were $$60,500$ in $2023$ and $$148,900$ in $2024$