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Presented below is the trial balance of Larkspur Corporation at December 31, 2025. Accounts Receivable 436,350 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 26,350 Administrative
Presented below is the trial balance of Larkspur Corporation at December 31, 2025. Accounts Receivable 436,350 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 26,350 Administrative Expenses Interest Expense 901,630 Inventory 212,630 Gain 600,300 Notes Payable (long-term) 81,630 Equipment 903,300 Bonds Payable 601,350 Accumulated Depreciation-Equipment 1,003,300 Franchises 60,000 Common Stock ( $5 par) 160,000 Treasury Stock 1,001,350 Patents 192,350 Retained Earnings Balance (before Net Income) 195,000 Paid-in Capital in Excess of Par Totals $12,342,860$12,342,860 Prepare a balance sheet at December 31, 2025, for Larkspur Corporation. (Ignore income taxes). (List Current Assets in order of liquidity, List Property. Plant, and Equipment in order of Land, Buildings, and Equipment. Enter account name oniy and do not provide the descriptive information provided in the question.)
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