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Net income was $ 4 9 , 5 7 0 . Equipment ( cost $ 2 1 , 2 8 0 and accumulated depreciation $

Net income was $49,570.
Equipment (cost $21,280 and accumulated depreciation $9,280) was sold for $11,280.
Depreciation expense was $5,280 on the building and $10,280 on equipment.
Patent amortization was $2,500.
Current assets other than cash increased by $29,000. Current liabilities increased by $14,280.
An addition to the building was conypleted at a cost of $28,280.
A long-term investment in stock was purchased for $16,000.
Bonds payable of $52,300 were issued.
Cash dividends of $30,000 were declared and paid.
Treasury stock was purchased at a cost of $11,000.
(a)
(b)
Prepare a balance sheet at December 31,2025.(Show only totals for current assets and current liabilities.)(List Property, Plant,
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