The accounting records of Bridgeport Inc. show the following data for $2025($its first year of operations$).$

Life insurance expense on officers was $$9,300.$

Equipment was acquired in early January for $$324,000.$ Straight$-$line depreciation over a $5-$year life is used, with no salvage value. For tax purposes, Bridgeport used a $30\%$ rate to calculate depreciation.

Interest revenue on State of New York bonds totaled $$3,600.$

Product warranties were estimated to be $$51,200$ in $2025.$ Actual repair and labor costs related to the warranties in $2025$ were $$9,000.$ The remainder is estimated to be paid evenly in $2026$ and $2027.$