ACCT $51$B

Chapter $22$ Exercise

You must submit your solution as ONE PDF file. Google Docs$/$Sheets allows you to download your work into a PDF file by going to the "File" menu item and selecting "Download" and $"$PDF$".$ You must format your work correctly$/$professionally ensuring that your submission doesn't have your work being split and cut off onto multiple pages. Simply submit ONE PDF file that you could print and turn in if this were an in$-$person course.

Case Instructions

Colt Inc.$\text{'}$s comparative balance sheets for $2024$ and $2025,$ and its $2025$ income statement follow:

$\backslash$table$[[2025,2024],[$Cash$,282,000,$$$153,000$