$.$ During $2025,$ $$121,000$ in sales were made on account. Collections from customers were $$102,000$ for the year.

$2.$ During $2025,$ $$84,000$ in inventory purchases were made on account. Payments to vendors were $$71,000$ for the year.

$3.$ During $2025,$ $$20,000$ in salary cost was incurred from employees working. Salary paid was $$18,000$ for the year.

$4.$ On January $2,2025,15$ months of rent was paid in advance for $$15,000.12$ months were used during $2025.$

$5.$ On June $30,2025,1,000$ new shares of common stock were issued in exchange for $$12,000$ cash.

$6.$ On September $9,2025,$ land to open a new store is purchased for $$14,000$ cash.

$7.$ On December $31,2025,$ the loan is repaid with interest.

$8.$ Equipment and building were used during $2025$ and depreciation recorded $($building is depreciated using SL $[$straight$-$line$]$ and

equipment is depreciated using DDB $[$Double Declining Balance$].$

$9.$ Inventory is counted and $$17,000$ remains unsold at December $31,2025.$

$10.$ The income tax rate is $40\%$