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Headland Corporation's balance sheet at the end of 2024 included the following items. The following information is available for 2025. 1. Net income was $53,490.

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Headland Corporation's balance sheet at the end of 2024 included the following items. The following information is available for 2025. 1. Net income was $53,490. 2. Equipment (cost $21,420 and accumulated depreciation $9,420 ) was sold for $11,420. 3. Depreciation expense was $5,420 on the building and $10,420 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,420. 6. An addition to the building was completed at a cost of $28,420. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $51,740 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Prepare a balance sheet at December 31, 2025. (Show only totals for current assets and current liabilities.) (List Property, Plant, and Equipment in order of Land, Bulldings, and Equipment. Enter occount name only and do not provide the descriptive information provided in the question) Bonds Payable Total Labilities Stockholders' Equity Common Stock Retained Eamings Less TrexuryStock Total Stobdelders' Equity Total Lohinites and Stockholders' Equity

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