Colt Inc.$\text{'}$s comparative balance sheets for $2024$ and $2025,$ and its $2025$ income statement follow:

Cash

Accounts receivable

Inventory

Prepaid expenses

Plant assets

Accumulated depreciation

Patent

Accounts payable

Accrued liabilities

Mortgage payable

Preferred stock

Additional paid$-$in capital$-$preferred

Common stock

Retained earnings

$\backslash$table$[[$Sales revenue,$$1,980,000$