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The comparative balance sheets of Splish Inc. at the beginning and the end of the year 2025 are as follows. Assets Cash Accounts receivable
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
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