Use the following information for Questions 47 to 49 Conside…
Use the following information for Questions 47 to 49 Consider the following financial information for Red & White as of December 31, 2025. (Assume normal account balances, where applicable). Unearned Revenue $7,500 Salaries Payable $4,500 Equipment, net 15,260 Bonds Payable (due in 2 years) 3,255 Common Stock 13,300 Accounts Receivable 5,100 Cost of Goods Sold 14,850 Prepaid Rent 7,500 Accounts Payable $6,750 Sales Revenue 49,250 Cash 9,500 Sales Discounts 9,400 Notes Payable (due in 6 months) 1,500 Copyrights 17,200 Retained Earnings- 12/31 17,755 Operating Expenses 6,100 What is Total Assets for Red and White?