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Corporation reported the following financialstatements: Financial Statements Trust Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash and Cash

Corporation reported the following financialstatements:

Financial Statements

Trust Corporation

Comparative Balance Sheet

December 31, 2025 and 2024

2025

2024

Assets

Current Assets:

Cash and Cash Equivalents

$

2,359

$

1,923

Accounts Receivable

1,828

1,596

Merchandise Inventory

1,348

1,058

Prepaid Expenses

1,633

1,867

Total Current Assets

7,168

6,444

Other Assets

17,282

16,492

Total Assets

$

24,450

$

22,936

Liabilities

Current Liabilities

$

7,113

$

8,406

Long-term Liabilities

4,799

2,528

Total Liabilities

11,912

10,934

Stockholders' Equity

Common Stock, no par

5,738

6,402

Retained Earnings

6,800

5,600

Total Stockholders' Equity

12,538

12,002

Total Liabilities and Stockholders' Equity

$

24,450

$

22,936

Trust Corporation

Income Statement

Year Ended December 31, 2025

Net Sales Revenue

$

25,680

Cost of Goods Sold

10,827

Gross Profit

14,853

Operating Expenses

7,245

Operating Income

7,608

Interest Expense

206

Income Before Income Taxes

7,402

Income Tax Expense

2,587

Net Income

$

4,815

Assume all sales are on credit. During 2025, Trust'sdays' sales in receivables ratio was(amounts rounded)

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