Question: Current Attempt in Progress Ivanhoe Company has these comparative balance sheet data: Ivanhoe Company Balance Sheets December 31 2025 2024 Cash $19,000 $38,000 Accounts


Current Attempt in Progress Ivanhoe Company has these comparative balance sheet data: Ivanhoe Company Balance Sheets December 31 2025 2024 Cash $19,000 $38,000 Accounts receivable (net) 78,000 64,000 Inventory 61,000 45,000 Plant assets (net) 200,000 190,000 $358,000 $337,000 Accounts payable $63,000 $71,000 Bonds payable (15%) 100,000 100,000 Common stock, $10 par 144,000 126,000 Retained earnings 51,000 40,000 $358,000 $337,000
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