The following are comparative balance sheets for Pearl Company. Additional information: 1. Net income for 2025 was $260,400. 2 Depreciation expense was $95,200. 3. Cash dividends of $109,200 were declaredand paid. 4. Bonds payable with a carrying value of $140,000 were redeemed for $140,000cash. 5. Common stock was issued at par for $117,600cash 6. No equipment was sold during 2025 . 7. Land was sold for its book value