Presented below is the balance sheet of Splish Corporation for the current year, 2025. Splish Corporation Balance Sheet December 31, 2025 Current assets $489,990 Current liabilities $ 384,990 Investments 644,990 Long-term liabilities 1,004,990 Property, plant, and equipment 1,724,990 Stockholders' equity 1,774,990 Intangible assets 305,000 $3,164,970 $3,164,970 The following information is presented. 1. 2. 3. 4. 5. The current assets section includes cash $154,990, accounts receivable $174,990 less $14,990 for allowance for doubtful accounts, inventories $184,990, and unearned rent revenue $9.990. Inventory is stated on the lower-of-FIFO-cost-or-net realizable value. The investments section includes the cash surrender value of a life insurance contract $44,990; investments in common stock, short-term $84,990 and long-term $274,990; and bond sinking fund $240,020. The cost and fair value of investments in common stock are the same. Property, plant, and equipment includes buildings $1,044,990 less accumulated depreciation $364,990, equipment $454,990 less accumulated depreciation $184,990, land $504,990, and land held for future use $270,000. Intangible assets include a franchise $169,990, goodwill $104,990, and discount on bonds payable $30,020. Current liabilities include accounts payable $144,990, notes payable-short-term $84,990 and long-term $124,990, and