The comparative balance sheets of Pearl Corporation at the beginning and end of the year 2025 are as follows. Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Pearl Corporation Balance Sheets Total Dec 31, 2025 $21,280 107,280 40,280 17.000 $151840 $21,280 101,280 29,280 $151,840 TOULO Jan 1, 2025 $15,240 $6,040 Inc. 90,240 24,240 11,000 $118,720 Inc./Dec 17.040 Inc. 16,040 Inc. $118,720 6,000 Inc. $17.240 $4,040 Inc. 82,240 19,040 Inc 19,240 10,040 inc. Net income of $45,280 was reported, and dividends of $35,240 were paid in 2025. New equipment was purchased and none was sold.

The comparative balance sheets of Pearl Corporation at the beginning and end of the year 2025 are as follows. Net income of 545,200 was reported, and dividends of 335,240 were paid in 2025 . New equipment was purchased and nene was sold. The comparative balance sheets of Pearl Corporation at the beginning and end of the year 2025 are as follows. Net income of 545,200 was reported, and dividends of 335,240 were paid in 2025 . New equipment was purchased and nene was sold