"""Cedar Trail integrated close. Readable, dependency-free recomputation."""


def money(amount: float) -> str:
    """Format dollars with commas and parentheses."""
    number = f"{abs(amount):,.0f}"
    return "$(" + number + ")" if amount < 0 else "$" + number


unadjusted = {
    "assets": 5_000_000.0,
    "liabilities": 2_500_000.0,
    "equity": 1_000_000.0,
    "opening_re": 1_000_000.0,
    "revenue": 4_000_000.0,
    "expenses": 3_400_000.0,
    "dividends": 100_000.0,
}
adjustments = {
    "inventory_cutoff": {"assets": -60_000.0, "expenses": 60_000.0},
    "credit_loss": {"assets": -30_000.0, "expenses": 30_000.0},
    "impairment": {"assets": -50_000.0, "expenses": 50_000.0},
    "benefit_accrual": {"liabilities": 24_000.0, "expenses": 24_000.0},
    "currency_gain": {"assets": 6_000.0, "revenue": 6_000.0},
    "hedge_oci": {"assets": 48_000.0, "equity": 48_000.0},
    "tax_benefit": {"assets": 21_000.0, "expenses": -21_000.0},
}


def total(field: str) -> float:
    return sum(item.get(field, 0.0) for item in adjustments.values())


assets = unadjusted["assets"] + total("assets")
liabilities = unadjusted["liabilities"] + total("liabilities")
contributed_equity = unadjusted["equity"] + total("equity")
revenue = unadjusted["revenue"] + total("revenue")
expenses = unadjusted["expenses"] + total("expenses")
net_income = revenue - expenses
ending_re = unadjusted["opening_re"] + net_income - unadjusted["dividends"]
equity = contributed_equity + ending_re
equation_difference = assets - liabilities - equity

direct_cash = 3_900_000.0 - 3_450_000.0
indirect_cash = net_income + 200_000.0 - 213_000.0
ending_cash = 900_000.0 + direct_cash - 300_000.0 - 100_000.0 + 10_000.0
current_ratio = 1_850_000.0 / 1_200_000.0
return_on_assets = net_income / 4_800_000.0
sensitivity = -100_000.0 * (1 - 0.25)

print("Cedar Trail — adjusted close")
for label, value in [
    ("Adjusted assets", assets),
    ("Adjusted liabilities", liabilities),
    ("Adjusted net income", net_income),
    ("Ending retained earnings", ending_re),
    ("Adjusted equity", equity),
    ("Equation difference", equation_difference),
    ("Direct operating cash flow", direct_cash),
    ("Indirect operating cash flow", indirect_cash),
    ("Ending cash", ending_cash),
]:
    print(f"{label:<34} {money(value):>14}")
print(f"{'Current ratio':<34} {current_ratio:>13.2f}x")
print(f"{'Return on average assets':<34} {return_on_assets:>13.2%}")
print(f"{'After-tax sensitivity':<34} {money(sensitivity):>14}")
ok = equation_difference == 0 and direct_cash == indirect_cash
print("\nMechanical controls:", "PASS" if ok else "FAIL")
print("Boundary: recognition, estimates, disclosure, causality, and release remain separate.")