Presented below is the comparative balance sheet for Novak Company. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} Novak Company \\ Comparative Balance Sheet \\ As of December 31 \end{tabular}} \\ \hline & \multicolumn{2}{|c|}{ December 31} \\ \hline & 2026 & 2025 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash & $180,100 & $274,700 \\ \hline Accounts receivable (net) & 220,200 & 155,800 \\ \hline Short-term investments & 267,500 & 148,900 \\ \hline Inventories & 1,055,100 & 970,300 \\ \hline Prepaid expenses & 24,800 & 24,800 \\ \hline Plant \& equipment & 2,585,300 & 1,943,900 \\ \hline \multirow[t]{2}{*}{ Accumulated depreciation } & (1,004,300) & (749,000) \\ \hline & $3,328,700 & $2,769,400 \\ \hline \multicolumn{3}{|c|}{ Liabilities and Stockholders' Equity. } \\ \hline Accounts payable & $49,600 & $75,300 \\ \hline Accrued expenses & 171,200 & 199,000 \\ \hline Bonds payable & 445,900 & 189,200 \\ \hline Common stock & 2,108,000 & 1,768,300 \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 554,000 & 537,600 \\ \hline & $3,328,700 & $2,769,400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{\begin{tabular}{c} NOVAKCOMPANY \\ Comparative Balance Sheet \\ December 31, 2026 and 2025 \end{tabular}} \\ \hline \multirow[b]{2}{*}{ Assets } & \multicolumn{5}{|c|}{ December 31} \\ \hline & \multicolumn{3}{|c|}{2026} & \multicolumn{2}{|r|}{2025} \\ \hline Cash & $180,100 & & % & $274,700 & % \\ \hline \begin{tabular}{l} Accounts receivable \\ (net) \end{tabular} & 220,200 & & % & 155,800 & % \\ \hline \begin{tabular}{l} Short-term \\ investments \end{tabular} & 267,500 & & % & 148,900 & % \\ \hline Inventories & 1,055,100 & & % & 970,300 & % \\ \hline Prepaid expenses & 24,800 & & % & 24,800 & % \\ \hline Plant and equipment & 2,585,300 & & % & 1,943,900 & % \\ \hline \begin{tabular}{l} Accumulated \\ depreciation \end{tabular} & (1,004,300) & & % & (749,000) & % \\ \hline Total & $3,328,700 & & % & $2,769,400 & % \\ \hline \multicolumn{6}{|c|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & $49,600 & & % & $75,300 & % \\ \hline Accrued expenses & 171,200 & & % & 199,000 & % \\ \hline Bonds payable & 445,900 & & % & 189,200 & % \\ \hline Common stock & 2,108,000 & & % & 1,768,300 & % \\ \hline Retained earnings & 554,000 & & % & 537,600 & % \\ \hline Total & $3,328,700 & & % & $2,769,400 & % \\ \hline \end{tabular}