The comparative balance sheets for Flounder Corporation show the following information:

December $31$

$2025$

$2024$

Cash

$$55,300$

$$19,000$

Accounts receivable

$56,500$

$50,800$

Inventory

$80,900$

$84,000$

Buildings

$-0-$

$181,000$

Equipment

$195,000$

$119,000$

Investments

$-0-$

$41,800$

Patents

$25,200$

$29,600$

Total assets

$$412,900$

$$525,200$

Allowance for doubtful accounts

$$5,000$

$$4,500$

Accumulated depreciation$-$building

$-0-$

$45,900$

Accumulated depreciation$-$equipment

$44,600$

$20,300$

Accounts payable

$76,200$

$72,800$

Dividends payable

$6,500$

$13,000$

Notes payable, short$-$term

$10,000$

$5,900$

Long$-$term notes payable

$49,800$

$263,000$

Common stock

$67,800$

$49,000$

Retained earnings

$153,000$

$50,800$

Total liabilities and stockholders' equity

$$412,900$

$$525,200$

Additional data related to $2025$ are as follows.

$1.$ Equipment that had cost $$20,200$ and was $60\%$ depreciated at time of disposal was sold for $$2,000.$

$2.$ $$18,800$ of the long$-$term note payable was paid by issuing common stock.

$3.$ Cash dividends paid were $$13,000.$

$4.$ On January $1,2025,$ the building was completely destroyed by a hurricane. Insurance proceeds on the building were $$243,900($net of $$22,100$ taxes$).$

$5.$ Investments $($available$-$for$-$sale$)$ were sold at $$2,800$ below their cost. The company has made similar sales and investments in