$1$estion $7$ of $8$

$-15$

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Blue Company's income statement for the year ended December $31,2025,$ contained the following condensed information.

$\backslash$table$[[$Service revenue,$$847,000,],[$Operating expenses $($excluding depreciation$),$$$629,000,],[$Depreciation expense,$60,000,],[$Loss on sale of equipment,$26,000,715,000],[$Income before income taxes,,$132,000],[$Income tax expense,$$1,000,],[$Net income,$$91,000,]]$

Blue's balance sheet contained the following comparative data at December $31.$

$\backslash$table$[[,2025,2024],[$Accounts receivable,$$35,000,$$$53,000$