You are provided with the following information for Ivanhoe Company, effective as of its April 30,2025 , year-end. Inventory 980 Investment in land 12,965 Land 3,200 Mortgagepayable(long-term)3,500 Notespayable(short-term)60 Prepaid insurance 70 Retained earnings (beginning) 1,400 Salaries and wages expense 850 Salaries and wages payable 270 Sales revenue 4,900 Stock investments (short-term) 1,800 IVANHOE COMPAEY Income Statement 5