Bonuses to key employees based on net income for $2025$ are estimated to be $$169,300.$

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$($b$)$

On December $1,2025,$ the company borrowed $$876,000$ at $8\%$ per year. Interest is paid quarterly.

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$($c$)$

Accounts receivable at December $31,2025,$ is $$10,230,800.$

An aging analysis indicates that Sage's expense provision for doubtful accounts is estimated to be $3\%$ of the receivables balance.

$($d$)$

On December $15,2025,$ the company declared a $$2$ per share dividend on the $40,120$ shares of common stock outstanding, to be paid on January $5,2026.$

$($e$)$

During the year, customer advances of $$200,700$ were received; $$56,300$ of this amount was earned by December