The Tony Hawk Skate Park was built in early $2024.$ The construction was financed by a $$3,012,000,7\%$ note due in $6$ years, with payments of $$52,352$ required each month. The first year has not been as profitable as hoped. The discussion at the executive board meeting at the end of $2024$ focused on the potential need to obtain additional financing. However, board members are concerned that the company's debt level at the end of $2024$ will make the company appear too risky to additional lenders. The balance of the note at the end of $2024$ is $$2,593,359$ By the end of $2025,$ the $12$ monthly payments will reduce the balance by an additional $$461,424.$ Separate from the note, the company has the following amounts at the end of $2024$: current assets of $$3,200,000$; current liabilities of $$2,560,000$; total equity of $$4,330,000.$