Please do not give image format 5.6.7.8.9.10.Current assets other than cash increased by $29,000. Current liabilities increased by $14,060.An addition to the building was completed at a cost of $28,060.A long-term investment in stock was purchased for $16,000.Bonds payable of $52,090 were issued.Cash dividends of $30,000 were declared and paid.Treasury stock was purchased at a cost of $11,000.Show Transcribed TextPrepare 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 descriptiveinformation provided in the question.)Pronghorn CorporationBalance SheetDecember 31, 2025Assets Pronghorn Corporation's balance sheet at the end of 2024 included the following items.Current assets (Cash $82,000)LandBuildingsEquipmentAccum.depr.-buildingsAccum. depr.-equipmentPatentsTotalThe following information is available for 2025.1.2.3.$236,06032,090121,06092,090(31,060)(11,000)41,060$480,300ACurrent liabilitiesBonds payableCommon stockRetained earningsTotal$151,060101,060182,09046,090$480,300Net income was $55,150.Equipment (cost $21,060 and accumulated depreciation $9,060) was sold for $11,060.Depreciation expense was $5,060 on the building and $10,060 on equipment.Ratent amortization was $2.500.

A balance sheet is the financial statement that records all the assets, liabilities and…

Pronghorn Corporation's balance sheet at the end of 2024 included the following items. Current assets (Cash $82,000) $236,060 Land 32,090 Buildings Equipment Accum.depr-buildings Accum. depr.-equipment Patents Total 121,060 2. 92,090 (31,060) (11,000) 41,060 The following information is available for 2025. 3. $480,300 Current liabilities Bonds payable $2.500 Common stock Retained earnings Total 1. Net income was $55,150. Equipment (cost $21,060 and accumulated depreciation $9,060) was sold for $11,060. Depreciation expense was $5,060 on the building and $10,060 on equipment. $151,060 101,060 182,090 46,090 $480,300

Pronghorn Corporation's balance sheet at the end of 2024 included the following items. Current assets (Cash $82,000) $236,060 Land 32,090 Buildings Equipment Accum.depr-buildings Accum. depr.-equipment Patents Total 121,060 2. 92,090 (31,060) (11,000) 41,060 The following information is available for 2025. 3. $480,300 Current liabilities Bonds payable $2.500 Common stock Retained earnings Total 1. Net income was $55,150. Equipment (cost $21,060 and accumulated depreciation $9,060) was sold for $11,060. Depreciation expense was $5,060 on the building and $10,060 on equipment. $151,060 101,060 182,090 46,090 $480,300

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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