Presented here are the accounts of Wadley Company for the year ended December $31,2025.$

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Requirement $1.$ Prepare Wadley Company's income statement for the year ended December $31,2025.($Check your spelling carefully and do not abbreviate.

When applicable, use only the account names provided in the problem statement.$)$

Net Income Presented here are the accounts of Wadley Company for the year ended December $31,2025.$

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Retained Earnings, Dec. $31,2025$

Requirement $3.$ Prepare the balance sheet as of December $31,2025.($If an input field is not used in the table leave the field empty; do not enter a label or a zero. Check your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.$)$

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Assets

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Stockholders' Equity

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$$ Accounts

Requirements

Prepare Wadley Company's income statement for the year ended December $31,2025.$

Prepare the statement of retained earnings for the year ended December $31,2025.$

Prepare the balance sheet as of December $31,2025.$Requirement $2.$ Prepare the statement of retained earnings for the year ended December $31,2025.($Enter any increases in retained earnings prior to the subtotal and any

decreases to retained earnings below the subtotal. Check your spelling carefully and do not abbreviate.$)$

Retained Earnings, Dec. $31,2024$

Retained Earnings, Dec. $31,2025$

Requirement $3.$ Prepare the balance sheet as of December $31,2025.($If an input field is not used in the table leave the field empty; do not enter a label or a zero. Check

your spelling carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.$)$