Reportedas (a) Credit sales for the year amounted to $5,060,000. Sheridar's expense provision for doubtful accounts is estimated to be 3% of credit sales. (b) On December 15,2025 , the company declareda $1.20 per share dividend on the 41.000 shares of common stock outstanding, to be paid on January 5,2026. (c) During the year, customer advances of $94,000 were received: $30,000 of this amount was earned by December 31,2025 (d) On December 1.2025, the company borrowed $444,000 due $ in 3 years at 8% per year. (c) On December 20, 2025, an employee filed a legal action against Sheridan Corporation for $53,000 for wrongful dismissal. Management believes the action to be frivolous and without merit. The likelithood of payment to the employee is remote. (f) Bonuses to key employees based on net income for 2025 are estimated to be $79,000