A comparative balance for Shabbon Corporation is presented as follows. Assets 2025 2024 Cash $73,000 $22,000 Accounts receivable 82,000 66,000 Inventory 180,000 189,000 Land 71,000 110,000 Equipment 260,000 200,000 Accumulated Depreciation-equipment (69,000) (42,000) Total $597,000 $545,000 Liabilities and Stockholders' Equity Accounts Payable $34,000 $47,000 Bonds Payable 150,000 200,000 Common Stock ($1 par) 214,000 164,000 Retained Earnings 199,000 134,000 Total $597,000 $545,000 Additional Information: 1. Net income for 2025 was $125,000. No gains or losses were record in 2025. 2. Cash dividends of $60,000 were declared and paid. 3. Bonds payable amouting to $50,000 were retired through insurance of common stock.r Sharon Corporation is presented as follows