! Required information Balance Sheet December 31 Amount 2025 % Amount 2024 Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity $ 2,640,000 1,820,000 3,300,000 14,400,000 (2,160,000) $ 20,000,000 $ 990,000 1,512,000 2,178,000 14,400,000 (1,080,000) $ 18,000,000 Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,640,000 1,900,000 9,360,000 7,100,000 $ 20,000,000 $ 2,178,000 1,160,000 9,360,000 5,302,000 $ 18,000,000 %