Wicked Wild Company is a service based company that rents canoes for use on local lakes and rivers and has the following post$-$closing balances at December $31,2024.($Click the icon to view the post$-$closing balances.$)$

At the beginning of the new year, Wicked Wild Company decided to carry and sell T$-$shirts with its logo printed on them. Wicked Wild Company uses the perpetual inventory system to account for the inventory.