The following are financial statements of Wildhorse Co. Wildhorse Co Income Statement For the Year Ended December 31, 2025 Net sales $2.239,000 Cost of goods sold 1,015.000 Selling and administrative expenses 910,000 Interest expense 75,000 Income tax expense 73,000 Net income $166,000 Wildhorse Co. Balance Sheet December 31, 2025 Assets Current assets Cash $56.200 Debt investments 87,000 Accounts receivable Inet) 168.300 Inventory 161,350 Total current assets 472.850 Plant assets (net) 572.000 $1,044,850 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $161,000 Income taxes payable 32.000 Total current liabilities 193,000 Bonds payable 224,940 Total liabilities 417,940 Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 348,000 278.910 626.910 $1,044,850