USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING $3$ QUESTIONS

$\backslash$table$[[\backslash$table$[[$NikoJokic$,$ Inc.$],[$Balance Sheets for the Years Ending December $31,],[($All amounts are in dollars$)]]],[,$Year $1,$Year $2],[$Cash$,26,000,22,400],[$Accounts receivable,$41,600,28,000],[$Inventory$,270,400,319,200],[$Total current assets,$338,000,369,600],[\backslash$table$[[$Gross fixed assets$*],[($Accumulated depreciation$)]],\backslash$table$[[260,000],[(78,000)$