Marin Corporation's balance sheet at the end of 2024 included the following items. Current assets (Cash...

 

  

 

 

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Marin Corporation's balance sheet at the end of 2024 included the following items. Current assets (Cash $82,000) $236,250 Current liabilities $151,250 Land 32,200 Bonds payable 101,250 Buildings 121,250 Common stock 182,200 Equipment 92,200 Retained earnings 46,200 Accum.depr-buildings (31,250) Total $480,900 Accum. depr.-equipment (11,000) Patents 41,250 Total $480,900 The following information is available for 2025. 13 Equipment (cost $21,250 and accumulated depreciation $9,250) was sold for $11,250. Depreciation expense was $5,250 on the building and $10,250 on equipment. 1 Net income was $50,870. 2. 3. 4. Patent amortization was $2,500. 5. 6. 7. A long-term investment in stock was purchased for $16,000. 8. 9. 10. Current assets other than cash increased by $29,000. Current liabilities increased by $14,250. An addition to the building was completed at a cost of $28,250. Bonds payable of $52,200 were issued. Cash dividends of $30,000 were declared and paid. Treasury stock was purchased at a cost of $11,000. Prepare a balance sheet at December 31, 2025. (Show only totals for current assets and current liabilities.) (List Property, Plant, and Equipment in order of Land, Buildings, and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) Current Assets Property, Plant, and Equipment Land Buildings Less Accumulated Depreciation Buildings Equipment Less : Accumulated Depreciation Equipment Total Property, Plant, and Equipment Marin Corporation Balance Sheet December 31, 2025 Assets Marin Corporation's balance sheet at the end of 2024 included the following items. Current assets (Cash $82,000) $236,250 Current liabilities $151,250 Land 32,200 Bonds payable 101,250 Buildings 121,250 Common stock 182,200 Equipment 92,200 Retained earnings 46,200 Accum.depr-buildings (31,250) Total $480,900 Accum. depr.-equipment (11,000) Patents 41,250 Total $480,900 The following information is available for 2025. 13 Equipment (cost $21,250 and accumulated depreciation $9,250) was sold for $11,250. Depreciation expense was $5,250 on the building and $10,250 on equipment. 1 Net income was $50,870. 2. 3. 4. Patent amortization was $2,500. 5. 6. 7. A long-term investment in stock was purchased for $16,000. 8. 9. 10. Current assets other than cash increased by $29,000. Current liabilities increased by $14,250. An addition to the building was completed at a cost of $28,250. Bonds payable of $52,200 were issued. Cash dividends of $30,000 were declared and paid. Treasury stock was purchased at a cost of $11,000. Prepare a balance sheet at December 31, 2025. (Show only totals for current assets and current liabilities.) (List Property, Plant, and Equipment in order of Land, Buildings, and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) Current Assets Property, Plant, and Equipment Land Buildings Less Accumulated Depreciation Buildings Equipment Less : Accumulated Depreciation Equipment Total Property, Plant, and Equipment Marin Corporation Balance Sheet December 31, 2025 Assets