$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$c$|\}\{$SPORTS UNLIMITED$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$c$|\}\{$Balance Sheets$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$c$|\}\{$For the Years Ended December $31\}\backslash \backslash$

$\backslash$hline & $\backslash$multicolumn$\{3\}\{|$c$|\}\{$Year$\}$ & $\backslash$multicolumn$\{3\}\{|$c$|\}\{$Increase $($Decrease$)\}\backslash \backslash$

$\backslash$hline & $2024$ & & $2023$ & & mount & $\backslash \%\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$Assets$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$Current assets:$\}\backslash \backslash$

$\backslash$hline Cash & $\backslash$$ $103,500$ & $\backslash$$ & $70,400$ & $\backslash$$ & $33,100$ & $47\mathrm{.}0\backslash \backslash$

$\backslash$hline Accounts receivable & $46,800$ & & $32,000$ & & $14,800$ & $46\mathrm{.}3(\backslash \backslash$

$\backslash$hline Inventory & $44,550$ & & $71,200$ & & $\backslash ((26,650)\backslash )$ & $(37\mathrm{.}4)\backslash (\backslash$vee $\backslash )\backslash \backslash$

$\backslash$hline Prepaid rent & $7,200$ & & $3,600$ & & $3,600$ & $100\mathrm{.}0\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$Long$-$term assets:$\}\backslash \backslash$

$\backslash$hline Investment in bonds & $54,900$ & & $16,100$ & & $38,800$ & $\backslash (240\mathrm{.}0\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline Land & $117,450$ & & $141,600$ & & $\backslash ((24,150)\backslash )$ & $(17\mathrm{.}1)\backslash \backslash$

$\backslash$hline Equipment & $106,200$ & & $102,000$ & & $4,200$ & $\backslash (4\mathrm{.}1\backslash$bigcirc $\backslash )\backslash \backslash$

$\backslash$hline Less: Accumulated depreciation & $\backslash ((30,600)\backslash )$ & & $\backslash ((20,800)\backslash )$ & & $\backslash ((9,800)\backslash )$ & $47\mathrm{.}1$ V $\backslash \backslash$

$\backslash$hline Total assets & $\backslash$$ $450,000$ & $\backslash$$ & $416,100$ & $\backslash$$ & $33,900$ & $8\mathrm{.}1$ V $\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$Liabilities and Stockholders' Equity$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$Current liabilities:$\}\backslash \backslash$

$\backslash$hline Accounts payable & $\backslash$$ $30,150$ & $\backslash$$ & $46,800$ & & $\backslash ((16,650)\backslash )$ & $(35\mathrm{.}6)\backslash \backslash$

$\backslash$hline Interest payable & $7,200$ & & $3,600$ & & $3,600$ & $100\mathrm{.}0\backslash \backslash$

$\backslash$hline Income tax payable & $12,150$ & & $10,000$ & & $2,150$ & $21\mathrm{.}5\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$Long$-$term liabilities:$\}\backslash \backslash$

$\backslash$hline Notes payable & $138,150$ & & $127,600$ & & $10,550$ & $\backslash (8\mathrm{.}3\backslash$bigcirc $\backslash )\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{7\}\{|$l$|\}\{$Stockholders$\text{'}$ equity:$\}\backslash \backslash$

$\backslash$hline Common stock & $144,000$ & & $144,000$ & & $\backslash (0\backslash$vee $\backslash )$ & $0\mathrm{.}0,\backslash \backslash$

$\backslash$hline Retained earnings & $118,350$ & & $84,100$ & & $34,250$ & $40\mathrm{.}7(\backslash \backslash$

$\backslash$hline Total liabilities and stockholders' equity & $\backslash$$ $450,000$ & $\backslash$$ & $416,100$ & $\backslash$$ & $33,900$ & $8\mathrm{.}1$ V $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$