a$.$ Assets $=$ Liabilities $+$ Stockholders' Equity.

b$.$ An individual who has met certain criteria and is thus allowed to perform audits of

corporations.

c$.$ Payments of cash from a corporation to its stockholders.

d$.$ The cost of assets consumed or services used in the process of generating revenues.

e$.$ Amounts owed to creditors in the form of debts and other obligations.

f$.$ A section of the annual report that presents management's views on the company's

ability to pay near$-$term obligations, its ability to fund operations and expansion,

and its results of operations.

g$.$ The amount by which expenses exceed revenues.

The following information is available for Sandhill Inc.

Using the information above, prepare a balance sheet as of December $31,2025.($Hint: Solve for the missing retained earnings amount

after first determining total assets and total liabilities.$)($List assets in order of liquidity.$)$