The $2024$ income statement of Adrian Express reports sales of $$14,706,000,$ cost of goods sold of $$8,624,000,$ and net income of $$1,560,000.$ Balance sheet information is provided in the following table.

ADRIAN EXPRESS

Balance Sheets

December $31,2024$ and $2023$

Assets

Current assets:

Cash

Accounts receivable

Inventory

Long$-$term assets

Total assets

Liabilities and Stockholders' Equity

Current liabilities

Long$-$term liabilities

Common stock

Retained earnings

Total liabilities and stockholders' equity

$\backslash$table$[[$$$560,000,$$$720,000$