Tony and Suzie see the need for a rugged all$-$terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July $1,2025,$ for $$14,000.$ They expect to use the Suburban for five years and then sell the vehicle for $$5,500.$ The following expenditures related to the vehicle were also made on July $1,2025$:

The company pays $$2,300$ to GEICO for a one$-$year insurance policy.

The company spends an extra $$5,000$ to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides.

An additional $$2,500$ is spent on a deluxe roof rack and a trailer hitch.

The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October $22,2025,$ the company pays $$1,400$ for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. Provide balance sheet The balance sheet is the accounting equation: Assets $=$ Liabilities $+$ Equity. Each asset and liability account is reported separately

on the balance sheet. The unadjusted, adjusted, or post$-$closing balances will appear for each account, based on your selection.

Post$-$closing

GREAT ADVENTURES, INCORPORATED

Balance Sheet

December $31,2025$