LL Corporation reported the following account balances at December 31, 2025: Cash Retained Earnings Advertising Expense Cost of Goods Sold Equipment Supplies Rental Revenue Trademark Accounts Payable Common Stock Notes Payable Dividends Accounts Receivable Income Tax Expense Inventory Wage Expense Sales Revenue Patent $37,800 $62,000 (at January 1, 2025) $15,000 $63,000 $16,000 $17,000 $34,000 $10,000 $58,000 $72,000 $43,000 $13,000 345,000 $15,000 $51,000 $12,000 $94,000 $69,000 The amount of gross profit reported by LL Corporation for 2025 was equal to: O $23.000 $31,000 O $52,000 $65,000 $86,000 Onone of the above are correct Collins Equipment Rentals has three employees who each earn $1,000 for a five-day work week. Payday is every Friday, December 31 of the current year falls on a Tuesday. The adjusting journal entry Collins Equipment Rentals needs to record at December 31 of the current year is: O Salaries expense Salaries payable 600 600 O Salaries expense....... 1,200 Salaries payable ... 1.200 O Salaries expense Salaries payable 1,800 1,800 O Salaries expense Salaries payable 3,000 ............ 3,000 600 O Salaries payable Salaries expense 600 1,200 O Salaries payable Salaries expense . 1,200 1,800 Salaries payable Salaries expense 1.800 3,000 Salaries payable Salaries expense ............. 3.000