Ron Hopkins had just finished his first year as founder, president, head mechanic, chief cook, and lead tour guide for the Colorado & Utah Canyon Tours Company (CUCTC). The first year had been a good one, and Hopkins thought he probably had made a small profit—after all, he had ended the year with a positive balance in the CUCTC checking account. Among the many roles and tasks he performed at CUCTC, however, accountant/bookkeeper was not one of them. For that task, he calls on his former college roommate, Chris Norris to prepare the financial statements needed for a $300,000 loan application he intended to make at Lofton National Bank next month. Norris plans to organize the CUCTC financial notes and records Hopkins has sent him.