Kenora Canoeing & Kayaking is developing plans to purchase additional equipment for lessons and facility expansion. They plan to purchase about $$60,000$ of new equipment each year and want to begin a fund to purchase a $$610,000$ piece of property for expansion.

The manager is concerned about their ability to purchase equipment and expand facilities. His accountant has agreed to help prepare the following, which will help the manager decide whether the plans are realistic. Additional information follows the financial statement.

$\backslash$table$[[\backslash$table$[[$Statement of Income $($Cash Basis$)],[$For the Year Ended November $30,2020]]],[$Cash revenues$],[$Annual memberships,$$810,000,$$$610,000$