The current assets and liabilities sections of the comparative balance sheet of Oriole Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement: Cash ORIOLE INC. Comparative Balance Sheet Accounts 2024 Accounts receivable Inventory Prepaid expenses Accounts payable Accrued expenses payable Dividends payable Income tax payable $110,880 71,680 36,400 8,400 48,160 5,600 26,880 7,616 ORIOLE INC. Income Statement Year Ended October 31, 2024 Sales Cost of goods sold Gross profit Operating expenses $98,560 2023 $117,600 45,920 51,520 6,496 40,320 13,216 $700,000 436,800 263,200

The current assets and liabilities sections of the comparative balance sheet of Oriole Inc, a private company reporting under ASPE, at October 31 are presented below, along with the income statement: ORIOUE INC: Comparative Batance Sheet Accounts ORIOUEINC. Income Statemernt Year Finded October 31,2021 Sales $700,000 Cost of soods sold 263,200436,800 Gross profit Operatingexpenses $98,560 The current assets and liabilities sections of the comparative balance sheet of Oriole Inc, a private company reporting under ASPE, at October 31 are presented below, along with the income statement: ORIOUE INC: Comparative Batance Sheet Accounts ORIOUEINC. Income Statemernt Year Finded October 31,2021 Sales $700,000 Cost of soods sold 263,200436,800 Gross profit Operatingexpenses $98,560