Question: Current Attempt in Progress Below is selected information for Concord Inc. for December 3 1 . During 2 0 2 5 , a new mortgage

Current Attempt in Progress
Below is selected information for Concord Inc. for December 31. During 2025, a new mortgage loan for $85,000 was received and principal payments of $6,000 were made throughout the year. Net income was $88,000 and dividends declared were fully paid in 2025.
\table[[,2025,2024],[Mortgage Payable,$199,000,$120,000
Current Attempt in Progress Below is selected information for Concord Inc.

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