Mimisaply Winery Inc

You have just returned from your meeting with Lukas and Aubrey Poitras, owners of Mimisapiy Winery Inc $($MWI$),$ and are organizing your notes. The meeting was to provide you, the company's new accountant, with information related to the company's history, organizational structure, and upcoming events$/$challenges

MWI is a family$-$owned and operated winery that has been in operation since the $1950\text{'}$s when Lukas parents moved to southern Saskatchewan and planted their first grape orchard. Over the years, the winery has been successful in developing its special brands of chardonnay, fruit, and ice wines, which are marketed in Canada and around the world.

Over the past number of years, the demand for wine has grown. As a result, MWI made the choice in January $2019$ to expand its operations by purchasing a controlling interest in another family$-$operated winery called Burst Organic Vineyard Ltd$.($Burst$)$ Burst is located in the Okanagan valley and is known for its premium shiraz and pinot noir MWI sells their wine to Burst each year to gain exposure to the thousands of visitors from around the world vacationing in the picturesque Okanogan Valley

With the political situation changing in the United States and the speculation of increased cross border tariffs, MWI wanted to find an American winery that could be used as a distribution center for its wines to American consumers. It was important to Lukas and Aubrey to find a winery that shared the same family values and commitment to high