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Sunland Convany Balance Sheets 31 Sun and Corrwany Income Statements For Years 31 Cash Debt investments (short-term) Accounts receivable (net) Inventory Prepaid expenses Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable (current) Accounts payable Accrued liabilities Bonds payable, due 2028 Common stock. $10 par Retained earnings Total liabilities and stcxkholders' equity s 70000 51000 1090C0 237 oco 27 oco 134 oco 2630co S8910C0 $1690co 69 ooo 390C0 2500C0 205 oco 1590C0 $8910C0 $65,000 40,000 90,000 168000 27.000 134000 186000 910.000 $104,000 53000 39,000 172,000 205,000 137.000 $710,000 Net sales Cost Of sold Gross profit O expe Net income Additlanal information; 2025 $892,000 644 000 248,000 198,000 sso.ooo 2024 5784000 161000 S47gco 1. 2. 3. 4. 5. Inventor,' at the t*Kinning of was $115,000, Accounts receivable (net) at the beginning of 2024 were 90,000. Total assets at the beginning of 2024 were $640,000. No common stock transactions occurred during 2024 or 2025. A1 sales were on credit. 2021 PROFITABILITY r"Jos 01