The following selected accounts from Ivanhoe Corporation's general ledger are for the year ended December 31, 2025. Accounts receivable $270,000 Accumulated depreciation-equipment 769,000 Advertising expense 56,000 Common stock 240,000 Cost of goods sold 1,164,000 Depreciation expense 122,000 Dividends 159,500 Equipment 1,400,000 Freight-out 25,200 Income tax expense 71,500 Insurance expense 23,100 Interest expense 61,500 Interest revenue 31,500 Inventory 98,500