Sheridan Inc, a greeting card company, had the following statements prepared as of December 31, 2025. Sheridan Inc. Comparative Balance Sheet As of December 31, 2025 and 2024 \begin{tabular}{lrrrr} & 12/31/25 & 12/31/24 \\ Cash & & $5,900 & & $6,900 \\ Accounts receivable & 61,400 & 50,800 \\ Short-term debt investments (available-for-sale) & 35,000 & 17,800 \\ Inventory & 40,000 & 59,400 \\ Prepaid rent & 5,000 & 3,900 \\ Equipment & 155,200 & 129,000 \\ Accumulated depreciation-equipment & (35,000) & (25,000) \\ Copyrights & 45,600 & 49,900 \\ \hline Total assets & $313,100 & $292,700 \\ \hline \end{tabular} Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, $10 par Paid-in capital, common stock Retained earnings Total liabilities and stockholders' equity \begin{tabular}{rr} $46,300 & $39,800 \\ 3,900 & 6,100 \\ 7,900 & 3,900 \\ 8,000 & 10,100 \\ 60,100 & 68,400 \\ 100,000 & 100,000 \\ 30,000 & 30,000 \\ 56,900 & 34,400 \\ \hline$313,100 & $292,700 \\ \hline \end{tabular} Additional information: 1. Dividends in the amount of $5,900 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 $20,100 and was 70% depreciated was sold during 2025 . its in the investir