Selected financial statement information and additional data for Oriole Enterprises are presented below. Changes in account balances can be attributed to cash transactions. Oriole Enterprises Balance Sheet and Income Statement Data December 31, 2025 December 31, 2024 Current Assets: Cash $168,300 $130,900 Accounts Receivable 261,800 336,600 Inventory 430,100 374,000 Total Current Assets 860,200 841,500 Property, Plant, and Equipment 1,365,100 1,234,200 Less: Accumulated Depreciation (523,600) (486,200) Total Assets $1,701,700 $1,589,500 Current Liabilities: Accounts Payable $205,700 $112,200 Notes Payable 56,100 74,800 Income Taxes Payable 93,500 84,150 Total Current Liabilities 355,300 271,150 Bonds Payable Total Liabilities 374,000 430,100 729,300 701,250 Stockholders' Equity: Common Stock 561,000 514,250 Retained Earnings 411,400 374,000 Total Stockholders' Equity 972,400 888,250 Total Liabilities & Stockholders' Equity $1,701,700 $1,589,500 Sales Revenue Less Cost of Goods Sold Gross Profit $1,776,500 $1,664,300 826,100 804,100 950,400 860,200 Expenses: Depreciation Expense 168,300 149,600 Salaries and Wages Expense 430,100 392,700 Interest Expense 37,400 37,400 Loss on Sale of Equipment 13,200 Income Before Taxes 301,400 280,500 Less Income Tax Expense 120,560 112,200 Net Income 180,840 168,300