(Answered) : Read Following Scenario Answer Question 5 10 Sentences Larry Sole Owner Employee Complete Q34342938

Read the following scenario and answer the question in 5-10sentences.

Larry is the sole owner and employee of Complete Time Repair,Inc., a business specializing in the repair of a wide variety oftimekeeping devices. Irving is a collector of antique cuckooclocks. Irving drops by Larry’s office and asks whether he can fixan antique black forest cuckoo clock that has a broken spring.Larry says that he has repaired many similar cuckoo clock springsin the past and tells Irving his cost is $500 for the service. Aweek later, Larry finds Irving’s cuckoo clock in his mailbox with anote that says “good luck, Irving.” Larry