Question: Problem 1 . Here are comparative balance sheets and an income statement: table [ [ , Decen, 3 1 , , ] , [

Problem 1.
Here are comparative balance sheets and an income statement:
\table[[,Decen,31,,],[,2023,2022,,],[Cash,305,500,,],[Accounts Receivable,1300,1600,,],[Inventory,650,750,,],[Equipment (net),2500?,2100?,,],[Total Assets,4755,4950,Sales,8000],[,,,COGS,-4500],[,,,Wages,-1800],[Accounts Payable,460,760,Depreciation,-500],[Long Term Debt,2800,2800,Selling and Admin,-850],[,,,Interest,-200?
Problem 1. Here are comparative balance sheets and an income statement:

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