Oriole Corporation was formed $5$ years ago through a public subscription of common stock. Daniel Brown, who owns $15\%$ of the

common stock, was one of the organizers of Oriole and is its current president. The company has been successful, but it currently is

experiencing a shortage of funds. On June $10,2021,$ Daniel Brown approached the Topeka National Bank, asking for a $24-$month

extension on two $$34,740$ notes, which are due on June $30,2021,$ and September $30,2021.$ Another note of $$6,020$ is due on March

$31,2022,$ but he expects no difficulty in paying this note on its due date. Brown explained that Oriole's cash flow problems are due

primarily to the company's desire to finance a $$297,240$ plant expansion over the next $2$ fiscal years through internally generated

funds.

The commercial loan officer of Topeka National Bank requested the following financial reports for the last $2$ fiscal years.