NASH DESIGN Statement of Retained Eamings $ Answer the following questions. (Round interest rate to 0 decimal places, e.g. 5\%) (1) If the note has been outstanding 6 months, what is the annual interest rate on that note? The annual interest rate % (2) If the company paid $17,500 in salaries in 2025 , what was the balance in Salaries and Wages Payable on December 31,2024 ? The balance in Salaries and Wages Payable $ NASH DESIGN Income Statement December 31, 2025 For the Month Ended December 31, 2025 For the Year Ended December 31, 2025 $ $ Current Attempt in Progress Nash Design was founded by Thomas Grant in January 2016. Presented below is the adjusted trial balance as of December 31,2025. Prepare an income statement for the year ending December 31, 2025. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses eg. (45).) NASH DESIGN Balance Sheet Assets $ $ $ Liabilities and Stockholders' Equity $ $ NASH DESIGN Balance Sheet Assets $ $ Liabilities and Stockholders' Equity Current Assets Llabilitles Intanglble Assets Long-term Imvestments Long-term Llabilitles Property, Plant, and Equlpment Stockholders' Equity Total Assets Total Current Assets Total Intanglble Assets Total Llablilites Total Llablilitles and Stockholders' Equlty Total Long-term Investments Total Long-term Llabllitles Total Property, Plant, and Equipment Total Stockholders' Equlty $ $ $