Pronghorn Inc., a greeting card company, had the following statements prepared as of December 31, 2025.

Pronghorn Inc. Comparative Balance Sheet As of December 31, 2025 and 2024 Accounts payable Pronghorn Inc. Income Statement For the Year Ending December 31, 2025 Sales revenue $336,275 Cost of goods sold Gross profit 162,975173,300 Operating expenses Operating income 41,775121,200 Interest expense $11,400 Gain on sale of equipment Income before tax 2,00032,3759,400 Income tax expense Net income $25,9006,475 Additional information: 1. Dividends in the amount of $6,100 were declared and paid during 2025 . 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $19,900 and was 70% depreciated was sold during 2025