Debit Credit Cash Sales Revenue $201,670 $8,104,230 Debt Investments (trading) (at cost, $145,000) 157,230 Cost of Goods Sold Debt Investments (long-term) 4,800,000 303,670 Equity Investments (long-term) 281,670 Notes Payable (short-term) 94,230 Accounts Payable 459,230 Selling Expenses 2,004,230 Investment Revenue Land Buildings Dividends Payable 64,770 264,230 1,044,670 140,670 Accrued Liabilities 100,230 Accounts Receivable 439,230 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 29,230 Administrative Expenses 901,770 Interest Expense 212,770 Inventory 601,670 Gain 81,770 Notes Payable (long-term) 904,670 Equipment 604,230 Bonds Payable 1,004,670 Accumulated Depreciation-Equipment 60,000 Franchises Common Stock ($5 par) Treasury Stock Patents 160,000 1,004,230 195,230 195,000 Retained Earnings Balance (before Net Income) Paid-in Capital in Excess of Par 82,670 84,670 Totals $12,367,270 $12,367,270 Balance Sheet December 31, 2025 Assets +9 $ 201670 5 5 Liabilities and Stockholders' Equity 19 $ $ +9 $ $