Use the following information about XYZ Plumbing $($FY$=12/31),$ a public company with the most recent closing stock price of $$3\mathrm{.}50($used for Diluted Shares calculations$),$ to answer the following three problems:

XYZ Plumbing $-$ Balance Sheet

$2021202220212022$

LIABILITIES

Cash $2,000,0004,672,350$ Accounts Payable $2,300,0002,000,000$

A$/$R $1,000,0001,500,000$ Notes Payable $1,500,0001,500,000$

Inventory $2,000,0002,300,000$ Current portion of LTD $1,000,0001,000,000$

Pre$-$paid expenses $500,000600,000$ Accrued Liabilities $700,0001,520,000$

Total Current Assets $5,500,0009,072,350$ Total Current Liabilities $5,500,0006,020,000$

Building and Improvements $15,000,00015,000,000$ Long$-$Term Debt $9,000,00010,000,000$

Equipment $5,000,0005,000,000$

$20,000,00020,000,000$ Stockholder's Equity

Common Stock at Par $100,000100,000$

Depreciation $500,0001,000,000$ Paid in Capital $9,900,0009,900,000$

Net PP&E $19,500,00019,000,000$ Retained Earnings $500,0002,052,350$

Total Stockholder's Equity $10,500,00012,052,350$

Total Assets $25,000,00028,072,350$ Total Liabilities $+$ Equity $25,000,00028,072,350$

$-$

$66,724$