The comparative balance sheets of Splish Inc. at the beginning and the end of the year 2025 are as follows. Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Splish Inc. Balance Sheets Dec. 31, 2025 Jan. 1, 2025 Inc./Dec. $54,000 $ 15,600 $38,400 Inc. 109,200 105,600 3,600 Inc. 46,800 26,400 20,400 Inc. 20,400 13,200 7,200 Inc. $189,600 $134,400 Total Liabilities and Stockholders' Equity Accounts payable $ 24,000 $ 18,000 $6,000 Inc. Common stock 120,000 96,000 24,000 Inc. Retained earnings Total 45,600 20,400 25,200 Inc. $189,600 $134,400