Question: Below is the balance sheet for Blue Sky Blunders as of Dec. 3 1 , 2 0 2 2 and 2 0 2 3 .

Below is the balance sheet for Blue Sky Blunders as of Dec. 31,2022 and 2023. The company had an EBIT of $86,000 and depreciation of $12,000 in 2023, and a tax rate of 35%.
\table[[Assets,2022,2023,Liabilities & Equity,2022,2023],[Cash,10,000,12,000,Accounts payable,17,000,18,700],[Market. securities,2,000,2,200,Notes payable,6,000,6,000],[Accounts receivable,7,000,6,300,Current liabilities,23,000,24,700
 Below is the balance sheet for Blue Sky Blunders as of

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