Pearl Company Comparative Balance Sheets December 31 Assets Cash $98,000$56,000 Accountsreceivable56,00039,200 Inventory 78,40056,000 Property,plant,andequipment168,000218,400 Accumulated depreciation Total $310,800(89,600)$302,400(67,200) Liabilities and Stockholders' Equity Accounts payable $53,200$42,000 Income taxes payable 19,60022,400 Bondspayable47,60092,400 Commonstock50,40039,200 Retained earnings Tntal $310800140,000$30200106.400 Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable $310,800(89,600)$302,400(67,200) Income taxes payable \begin{tabular}{rr} 19,600 & 22,400 \\ 47,600 & 92,400 \\ 50,400 & 39,200 \\ 140,000 & 106,400 \\ \hline$310,800 & $302,400 \\ \hline \end{tabular} Pearl Company Income Statement For the Year Ended December 31, 2025 Sales revenue $677,600 Cost of goods sold Gross profit Selling expenses $50.400 Additional data: 1. Depreciation expense was $49,000. 2. Dividends declared and paid were $56,000. 3. During the year, equipment was sold for $23,800 cash. This equipment originally cost $50,400 and had accumulated depreciation of $26,600 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Fres cash flow