$2.$ NOTES TO THE FINANCIAL STATEMENTS

"Note: This part of the project is submitted as a separate Word document. Refer to the Milestone Two Guidelines and Rubric document for submission guidelines.

You will find an example for how to format these notes located in the Module Five resources."

Your notes must contain the following:

A$.$ Create appropriate notes as year$-$to$-$year documentation for managing depreciation, supplies, and inventory.

B$.$ Create appropriate notes for long$-$term debt.

"Peyton Approved uses the following accounting practices:

$$ Inventory: Periodic, LIFO for both baking and merchandise

$$ Equipment: Straight line method used for equipment"