View Policies Current Attempt in Progress Wildhorse Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one of the organizers of Wildhorse and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On June 10, 2026, Daniel Brown approached the Topeka National Bank, asking for a 24-month extension on two $35,010 notes, which are due on June 30, 2026, and September 30, 2026. Another note of $5,990 is due on March 31, 2027, but he expects no difficulty in paying this note on its due date. Brown explained that Wildhorse's cash flow problems are due primarily to the company's desire to finance a $299,860 plant expansion over the next 2 fiscal years through internally generated funds. The notes payable due at march 31, 2025 are due prior to March 31, 2026. The commercial loan officer of Topeka National Bank requested the following financial reports for the last 2 fiscal years. Wildhorse Corporation Balance Sheet March 31 Assets Cash Notes receivable 2026 2025 $18,340 $12,610 148,550 132,170 Accounts receivable (net) 131,820 124,930 Inventories (at cost) 105,580 49,510 Plant & equipment (net of depreciation) 1,462,770 1,410,000 Total assets $1.867.060 $1.729.220