The balance sheet data of Swifty Company at the end of 2025 and 2024 follow. 2025 2024 Cash $29,800 $35,100 Accounts receivable (net) 54,900 44,700 Inventory 65,400 44,900. Prepaid expenses 14,800 25,200 Equipment 90,100 75,600 Accumulated depreciation-equipment (18,020) (7.900) Land 69.700 40,300 $306,680 $257.900 Accounts payable $64,500 $52,400 Accrued expenses 15,200 18,100 Notes payable-bank, long-term -0- 23,000 Bonds payable 29,800 -0- Common stock, $10 par 188,500 159.100 Retained earnings 8.680 5,300 $306,680 $257,900 Land was acquired for $29.400 in exchange for common stock, par $29,400, during the year; all equipment purchased was for cash. Equipment costing $13,000 was sold for $3,000, book value of the equipment was $5,900. Cash dividends of $9,900 were declared and paid during the year.