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Carla Vista Company Balance Sheets December 31 Assets 2025 2024 Cash $69,000 $69,000 Debt investments (short-term) 53,000 42,000 Accounts receivable (net) 106,000 90,000 Inventory
Carla Vista Company Balance Sheets December 31 Assets 2025 2024 Cash $69,000 $69,000 Debt investments (short-term) 53,000 42,000 Accounts receivable (net) 106,000 90,000 Inventory 238,000 163,000 Prepaid expenses 24,000 27,000 Land 134,000 134,000 Building and equipment (net) 259,000 183,000 Total assets $883,000 $708,000 Liabilities and Stockholders' Equity Notes payable (current) $171,000 $103,000 Accounts payable 66,000 54,000 Accrued liabilities 40,000 40,000 Bonds payable, due 2028 250,000 169,000 Common stock, $10 par 208,000 208,000 Retained earnings 148,000 134,000 Total liabilities and stockholders' equity $883,000 $708,000 Carla Vista Company Income Statements For the Years Ended December 31 2025 2024 Net sales $890,000 $795,000 Cost of goods sold 641,000 576,000 Gross profit 249,000 219,000 Operating expenses 192,000 165,000 Net income $57,000 $54,000 Additional information: 1. Inventory at the beginning of 2024 was $116,000. 2. Accounts receivable (net) at the beginning of 2024 were $90,000. 3. Total assets at the beginning of 2024 were $634,000. 4. No common stock transactions occurred during 2024 or 2025. 5. All sales were on credit.
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