This course project is designed to apply financial reporting principles relating to intangibles, current liabilities and long$-$term liabilities for a ficititious $($though realistic$)$ company scenario.

GeneralProducts, Inc. was incorporated in Nevada on January $1,2019,$ to take over a local retail chain and to supply goods to customers at the most competitive prices, both in stores and online.

To complete this project, you$$ll need to use the financial information below in the prior year$$s Balance Sheet $($dated December $31,2021)$ along with the current financial data provided for $2022.$