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The following is a condensed version of the comparative balance sheets for Oriole Corporation for the last two years at December 31. 2025 2024
The following is a condensed version of the comparative balance sheets for Oriole Corporation for the last two years at December 31. 2025 2024 Cash $371,700 $163,800 Accounts receivable 378,000 388,500 Investments 109,200 155,400 Equipment 625,800 504,000 Accumulated depreciation-equipment (222,600) (186,900) Current liabilities Common stock Retained earnings 281,400 317,100 336,000 336,000 644,700 371,700 Additional information: Investments were sold at a loss of $21,000; no equipment was sold; cash dividends paid were $63,000; and net income was $336,000. Oriole Corporation Statement of Cash Flows Adjustments to reconcile net income to
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