Blue Spruce Corporation Comparative Balance Sheets December 31 2025 2024 Cash Accounts receivable $8,900 $18,800 25,500...

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Blue Spruce Corporation Comparative Balance Sheets December 31 2025 2024 Cash Accounts receivable $8,900 $18,800 25,500 22,600 Investments 20,600 15,800 Equipment 60,000 72,000 Accumulated depreciation-equipment (14,400) (10,500) Total $100,600 $118,700 Accounts payable $14,600 $11,600 Bonds payable 11,000 39,000 Common stock 51,000 46,500 Retained earnings 24,000 21,600 Total $100,600 $118,700 Additional information: 1. Net income was $18,400. Dividends declared and paid were $16.000. Blue Spruce Corporation Comparative Balance Sheets December 31 2025 2024 Cash Accounts receivable $8,900 $18,800 25,500 22,600 Investments 20,600 15,800 Equipment 60,000 72,000 Accumulated depreciation-equipment (14,400) (10,500) Total $100,600 $118,700 Accounts payable $14,600 $11,600 Bonds payable 11,000 39,000 Common stock 51,000 46,500 Retained earnings 24,000 21,600 Total $100,600 $118,700 Additional information: 1. Net income was $18,400. Dividends declared and paid were $16.000.