The post$-$closing trial balance of Sarasota Company and other related information for the year $2025$ are presented as follows.

Sarasota Company

Post$-$Closing Trial Balance

December $31,2025$

Additional information:

The LIFO method of inventory value is used.

The cost and fair value of the long$-$term investments that consist of stocks $($with ownership less than $20\%$ of total shares$)$ are the same.

The amount of the Construction in Progress account represents the costs expended to date on a building in the process of construction. $($The company rents factory space at the present time.$)$ The land on which the buliding is being constructed cost $$89,130,$ as shown in the trial balance.

The patents were purchased by the company at a cost of $$40,000$ and are being amortized on a seraight$-$line basis.

Of the discount on bonds payable, $$2,000$ will be amortized in $2026.$

The notes payable represent bank loans that are secured by long$-$term investments carried at $$124,130.$ These bank loans are due in $2026.$

The bonds payable bear interest at $8\%$ payable every December $31,$ and are due January $1,2036.$

$600,000$ shares of common stock of a par value of $$1$ were authorized, of which $504,130$ shares were issued and outstanding.

Prepare a balance sheet as of as of December $31,2025$ so that all important information is fully disclosed.