USE THE FINANCIAL DATA BELOW TO ANSWER QUESTIONS $2-8.$

Category $20222023$

Accounts payable $$200,000$ $$250,000$

Accounts receivable $$610,000$ $$690,000$

Accruals $$40,000$ $$75,000$

Cash $$1,000,000$ $$970,000$

Common Stock at par value $($$$0\mathrm{.}20$ per share$)$ $$60,000$ $$66,000$

Additional paid$-$in$-$capital $$1,380,000$ $$1,518,000$

COGS $$150,000$ $$175,000$

Depreciation expense $$18,000$ $$25,000$

Interest expense $$50,000$ $$55,000$

Inventory $$620,000???$

Long$-$term debt $$2,200,000$ $$2,420,000$

Net fixed assets $$3,500,000$ $$4,000,000$

Notes payable $$350,000$ $$390,000$

SG&A expenses $$250,000$ $$260,000$

Retained earnings $$1,500,000$ $$1,511,000$

Net Sales $$600,000$ $$700,000$

Taxes $$45,000$ $$75,000$