Wildhorse Inc. had the following condensed balance sheet at the end of operations for 2024. Wildhorse Inc. Balance Sheet December 31, 2024 Cash $8,500 Current liabilities $15,100 Current assets other than cash 28,700 Long-term notes payable 25,500 Equity investments 20,100 Bonds payable 25,000 Plant assets (net) 68,200 Common stock 75,000 Land 40,000 Retained earnings 24,900 $165,500 $165,500 During 2025, the following occurred. 1. A tract of land was purchased for $8,900. 2. 3. Bonds payable in the amount of $15,000 were redeemed at par. An additional $10,000 in common stock was issued at par. 4. Dividends totaling $9.200 were paid to stockholders. 5. Net income was $30.200 after allowing depreciation of $13,600. 6. Land was purchased through the issuance of $22,400 in bonds. 7 Wildhorse Inc. sold part of its investment portfolio for $12,700. This transaction resulted in a gain of $2,000 for the company No unrealized gains or losses were recorded on these investments in 2025. 8. Both current assets (other than cash) and current liabilities remained at the same amount. (b) Prepare the condensed balance sheet for Wildhorse Inc. as it would appear at December 31, 2025. (List assets in the order of Liquidity.) WILDHORSE INC. BALANCE SHEET Assets Liabilities and Equities