Question: Cullumber Company has these comparative balance sheet data: Cullumber Company has these comparative balance sheet data: Cullumber Company Balance Sheets December 31 Cash Accounts receivable

Cullumber Company has these comparative balance sheet data: Cullumber Company Balance Sheets

Cullumber Company has these comparative balance sheet data:

December 31 Cash Accounts receivable (net) Inventory Plant assets (net) Accounts payable

Cullumber Company has these comparative balance sheet data: Cullumber Company Balance Sheets December 31 Cash Accounts receivable (net) Inventory Plant assets (net) Accounts payable Bonds payable (15%) Common stock, $10 par Retained earnings 2025 $19,500 75,000 61,000 240,000 $395,500 $73,500 110,000 158,000 54,000 $395,500 2024 $39,000 54,000 48,000 230,000 $371,000 $95,000 110,000 126,000 40,000 $371,000

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