The following items and amounts were taken from Wildhorse Co.’s 2022 income statement and balance sheet. Cash $89,400
Retained earnings 120,000
Cost of goods sold 438,800
Salaries and wages expense 118,500
Prepaid insurance 8,100
Inventory 64,900
Accounts receivable 91,000
Sales revenue 587,700
Notes payable 6,100
Accounts payable 51,200
Service revenue 5,100
Interest expense 1,810

Required:
Prepare an income statement for Familia Inc. for December 31, 2022.

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?