It is March 1, 2024, the first business day of the month, and you have just been hired as the accountant for Stake Technology Inc., which operates with monthly accounting periods. For simplicity, ignore all sales tax considerations and assume that Stake Technology Inc. sells one product. All of the company's accounting work has been completed through the end of February, 2024. Stake Technology Inc.'s year end is March 31. The post-closing alphabetized trial balance at February 29, 2024 follows.

1. See the Accounts Receivable Subledger below for details regarding customer balances. 2. See the Accounts Payable Subledger below for details regarding creditor balances. 3. There are an unlimited number of shares authorized with 10,000 shares issued and outstanding as at February 29, 2024. 4. This is a 9% note due February 15, 2028 with interest collectible on the 15th of each month. Refer to the collection schedule below for the note details. Values in schedule have been rounded for convenience. 5. See the Merchandise Inventory Subledger below for details of inventory holdings. 6. The balance in Prepaid Insurance represents payment for 4 months starting March 1, 2024. 7. See the Property, Plant and Equipment Subledger below for detailed information. You have determined that Stake Technology Inc. uses the moving weighted average cost flow assumption under a perpetual system to account for merchandise inventory and that the terms of all credit sales are 2/10, n/30. Merchandise sells for $219 per unit.