FACTS Cassy Corporation's balance sheet at the end of 2024 included the following items.

Current assets $2,82,000. Current liabilities $1,80,000

Land 36,000 Bonds payable 1,20,000

Buildings 1,44,000 Common stock 2,16,000

Equipment 1,08,000 Retained earnings 52,800

Accumulated depreciation-buildings (36,000)

Accumulated depreciation-equipment (13,200)

Patents 48,000

Total $5,68,800 Total $5,68,800

The following information is available for 2025:

1) Treasury stock was purchased at a cost of $13,200.

2) Cash dividends of $36,000 were declared and paid.

3) A long-term investments in stock was purchased for $19,200.

4) Current assets other than cash increased by $34,800. Current liabilities increased by $15,600.

5) Depreciation expense was $4,800 on the building and $10,800 on equipment.

6) Net income was $66,000.

7) Bonds payable of $60,000 were issued.

8) An addition to the building was completed at a cost of $32,400.

9) Patent amortization was $3,000.

10) Equipment (cost $24,000 and accumulated depreciation $9,000) was sold for $12,000.

Instructions:

a.Prepare a balance sheet at December 31, 2025.

b.Prepare a statement of cash flows for 2025. The cash balance at January 1, 2025 was $5000. Does the company appear to be viable?