Additional information:

Net income for $2025$ was $$135,000.$

Cash dividends of $$68,000$ were declared and paid.

Bonds payable with a carrying value of $$49,000$ were redeemed for $$49,000$ cash.

Common stock was issued at par for $$54,000$ cash.

Depreciation expense was $$22,400.$

Sales revenue for the year was $$976,000.$

Land was sold at cost$,$ and equipment was purchased for cash.