Blue Spruce Inc. Comparative Balance Sheets December 31 2025 2024 Assets Cash $ 105,040 $62,920 Accounts receivable 114,140) 49,400 Inventory 146,250 133,705 Prepaid expenses 36,920 33,800 Long-term investments 179,400 141,700 Plant assets 370,500 315,250 Accumulated depreciation (65,000) (67,600) Total $887,250 $669,175 Liabilities and Stockholders' Equity Accounts payable $132,600 $87,490 Accrued expenses payable 21,450 27,300 Bonds payable 143,000 189,800 Common stock 286,000 227,500 Retained earnings 304,200 137,085 Total $887,250 $669.175 Blue Spruce Inc. Income Statement Data For the Year Ended December 31, 2025 Sales revenue Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense $176,098 16.133 60,450 $504,998