The Irwin Batting Company manufactures wood baseball bats. Irwin's two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college$-$aged players. Inwin sells the bats to sporting goods stores and all sales are on account. The youth bat sells for $$35,$ the adult bat sells for $$40.$ Irwin's highest sales volume is in the first three months of the year as retailers prepare for the spring baseball season. Irwin's balance sheet for December $31,2024,$ and other data for the first quarter of $2025$ follow