Sunland Ski Haus had the following statements prepared as of December 31, 2025. Additional information: 1. Dividends in the amount of $20,000 were declared and paid during 2025 . 2. Depreciation expense and amortization expense are included in operating expenses. 3. Equipment that had a cost of $24,800 and was 20% depreciated was sold during 2025 . or in