Balance Sheet
Assets:
Land: $195,000
Accounts receivable: $21,300
Supplies: $9,000
Cash: $11,850
Equipment: $82,800
Buildings: $264,000
Land improvements: $45,750
Notes receivable (due in 2026): $6,400
Patents: $47,400
Investments in stock (long-term): $72,900
Debt investments (short-term): $4,700
Total Assets: $751,300
Liabilities and Stockholder's Equity:
Accounts payable: $9,600
Mortgage payable: $85,200
Interest payable: $3,000
Income taxes payable: $15,700
Common stock: $77,500
Retained earnings (December 31, 2025): $506,000
Total Liabilities and Stockholder's Equity: $751,300