income for $2026$ was $$54,000,$ and there were no dividends.

All of the notes payable were paid in $2026.$ All other liabilities remained at

Debt to assets ratio

their December $31,2025,$ levels. Total assets on December $31,2026,$ were

$$898,000.$

The market price of common stock was $$9$ and $$12$ on December $31,2025$

Price$-$earnings ratio

and $2026,$ respectively. Net income for $2026$ was $$54,000.($Use a simple

average calculation for EPS.$)$