Oct 31, 2022 and Oct 31,2021 Debit Credit Debit Credit Cash and cash equivalents $13,446,154 $6,123,884 Accounts receivable 70,485,625 64,867,910 Allowance for doubtful accounts $704,856 $648,679 Inventory 55,100,000 57,900,000 Investments (derivatives) 13,419,231 13,805,769 Deferred income taxes (current) 2,857,692 3,584,615 Prepaid expenses and other current assets 9,265,385 6,446,154 Property, plant, and equipment 103,803,846 97,576,923 Accumulated depreciation 39,761,538 35,207,692 Identifiable intangible assets and goodwill 3,723,007 3,851,923 Accumulated amortization Deferred income taxes and other assets (noncurrent) 9,557,692 8,410,849 Current portion of long term debt 2,115,385 300,125 Notes payable 21,376,923 34,823,077 Accounts payable 14,986,457 22,561,538 Accured liabilities 25,803,846 24,150,000 Income taxes payable 2,211,539 3,726,923 Long term debt 23,661,538 17,119,106 Deferred income taxes and other liabilities (noncurrent) 4,915,384 4,330,769 Common stock at par value 111,538 107,692 Capital stock in excess of par value 19,415,385 16,484,615 Unearned stock compensation 253,846 480,769 Accumulated other comprehensive income 5,011,538 4,746,154 Beginning retained earnings 122,857,692 98,150,473 Dividends 3,866,838 3,299,423 Repurchases of common stock 4,627,381 2,939,393 Revenue 277,338,461 269,442,308 Cost of sales 169,346,154 163,003,846 Selling and administrative 79,092,308 78,246,154 Interest expense 1,438,461 1,773,077 Other expense 453,846 757,692 Income tax expense 9,511,538 9,238,462 Totals $555,260,542 $555,260,542 $527,052,997 $527,052,997 Analyze and draw conclusions about the nature and extent of tests of controls 1 For each assertion that you identify as high or maximum inherent risk, identify an internal control, or a combination of internal controls, that would control that risk 2 Explain the nature and extent of tests of controls you would need to perform to assess control risk as low, for the controls you identified in (c)1 above

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Oct 31, 2022 and Oct 31,2021 Debit Credit Debit Credit Cash and cash equivalents $13,446,154 $6,123,884 Accounts receivable 70,485,625 64,867,910 Allowance for doubtful accounts $704,856

Oct 31, 2022 and Oct 31,2021

	Debit	Credit	Debit	Credit
Cash and cash equivalents	$13,446,154		$6,123,884
Accounts receivable	70,485,625		64,867,910
Allowance for doubtful accounts		$704,856		$648,679
Inventory	55,100,000		57,900,000
Investments (derivatives)	13,419,231		13,805,769
Deferred income taxes (current)	2,857,692		3,584,615
Prepaid expenses and other current assets	9,265,385		6,446,154
Property, plant, and equipment	103,803,846		97,576,923
Accumulated depreciation		39,761,538		35,207,692
Identifiable intangible assets and goodwill	3,723,007		3,851,923
Accumulated amortization
Deferred income taxes and other assets (noncurrent)	9,557,692		8,410,849
Current portion of long-term debt		2,115,385		300,125
Notes payable		21,376,923		34,823,077
Accounts payable		14,986,457		22,561,538
Accured liabilities		25,803,846		24,150,000
Income taxes payable		2,211,539		3,726,923
Long-term debt		23,661,538		17,119,106
Deferred income taxes and other liabilities (noncurrent)		4,915,384		4,330,769
Common stock at par value		111,538		107,692
Capital stock in excess of par value		19,415,385		16,484,615
Unearned stock compensation	253,846		480,769
Accumulated other comprehensive income	5,011,538		4,746,154
Beginning retained earnings		122,857,692		98,150,473
Dividends	3,866,838		3,299,423
Repurchases of common stock	4,627,381		2,939,393
Revenue		277,338,461		269,442,308
Cost of sales	169,346,154		163,003,846
Selling and administrative	79,092,308		78,246,154
Interest expense	1,438,461		1,773,077
Other expense	453,846		757,692
Income tax expense	9,511,538		9,238,462
Totals	$555,260,542	$555,260,542	$527,052,997	$527,052,997

Analyze and draw conclusions about the nature and extent of tests of controls:

1. For each assertion that you identify as high or maximum inherent risk, identify an internal control, or a combination of internal controls, that would control that risk.

2. Explain the nature and extent of tests of controls you would need to perform to assess control risk as low, for the controls you identified in (c)1 above.