Carla Inc. had the following balance sheet at December 31, 2024. Carla Inc. Balance Sheet December 31, 2024 Cash $23,380 Accounts payable $33,380 Accounts receivable 24,580 Notes payable (long-term) 44,380 Investments 35,380 Common stock 103,380 Plant assets (net) 81,000 Retained earnings 26,580 Land 43,380 $207,720 $207,720 During 2025, the following occurred. 1. Carla Inc. sold part of its debt investment portfolio for $17,299. This transaction resulted in a gain of $5,699 for the firm. The company classifies these investments as available-for-sale. 2. A tract of land was purchased for $16,380 cash. 3. Long-term notes payable in the amount of $18,299 were retired before maturity by paying $18,299 cash.