Selected financial statement information and additional data for Crane Enterprises are presented below. Changes in account balances can be attributed to cash transactions. Crane Enterprises Balance Sheet and Income Statement Data December 31, 2025 December 31, 2024 Current Assets: Cash $159,120 $123,760 Accounts Receivable 247,520 318,240 Inventory 406,640 353,600 Total Current Assets 813,280 795,600 Property, Plant, and Equipment 1,290,640 1,166,880 Less: Accumulated Depreciation (495,040) (459,680) Total Assets $1,608,880 $1,502,800 Current Liabilities: Accounts Payable $194,480 $106,080 Notes Payable 53,040 70,720 Income Taxes Payable 88,400 79,560 Total Current Liabilities 335,920 256,360 Bonds Payable Total Liabilities 353,600 406,640 689,520 663,000 Stockholders' Equity: Common Stock 530,400 486,200 Retained Earnings 388,960 353,600 Total Stockholders' Equity 919,360 839,800 Total Liabilities & Stockholders' Equity $1,608,880 $1,502,800 Sales Revenue Less Cost of Goods Sold Gross Profit $1,679,600 $1,573,520 781,040 760,240 898,560 813,280 Expenses: Depreciation Expense 159,120 141,440 Salaries and Wages Expense 406,640 371,280 Interest Expense 35,360 35,360 Loss on Sale of Equipment 12,480 0 Income Before Taxes 284,960 265,200 Less Income Tax Expense 113,984 106,080 Net Income 170,976 159,120