Question: Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31

Income statements and balance sheets data for Virtual Gaming Systems are provided

Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash 2025 $3,550,000 2024 $3,076,000 2,488,000 1,062,000 1,958,000 1,118,000 963,000 866,000 38,000 31,000 0 8,800 22,000 19,000 8,800 52,000 1,031,800 976,800 141,200 30,200 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 13 2025 2024 2023 $213.000 $194.000 $152.000

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