$\backslash$table$[[$Teresa$\text{'}$s Bicycle Shop,,$],[$Balance Sheet$],[$December $31,2024,,],[$Current Assets,,Current Liabilities,,$],[$Cash$,$$$,780,000,$Accounts Payable,,$65,000],[$Accounts Receivable,$3,600,$Wages Payable,,$5,500],[$Inventory$,67,000,$Total Current Liabilities,$$,70,500],[$Prepaid Insurance,$$12,000,,,],[$Total Current Assets,$$862,600,$Long$-$Term Liabilities,,$],[,$Bonds Payable,,$15,000],[$Property$,$ Plant, Equipment,$$360,000,$Total Liabilities,$$,85,500],[$Less: Accumulated Depreciation,$(95,000),$Stockholder's Equity,,$],[$Net Property, Plant, and Equipment,$$265,000,$Common Stock,,$10,000],[,$Retained Earnings,,#######$],[$Total Assets,$$1,127,600,$Total Liabilities and Equity,,#######$]]$

Consider the following and create a budgeted balance sheet for December $31,2025$

$\backslash$table$[[1.$ Net Income,$$210,000$