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Current Attempt in Progress Cullumber Company has these comparative balance sheet data: Cullumber Company Balance Sheets December 31 2025 2024 Cash $16,000 $32,000 Accounts

Current Attempt in Progress Cullumber Company has these comparative balance sheet data: Cullumber Company Balance Sheets December 31 2025 2024 Cash $16,000 $32,000 Accounts receivable (net) 70,000 65,000 Inventory 61,000 46,000 Plant assets (net) 225,000 210,000 $372,000 $353,000 Accounts payable $53,000 $62,000 Bonds payable (15%) 125,000 125,000 Common stock, $10 par 142,000 126,000 Retained earnings 52,000 40,000 $372,000 $353,000

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