1. Equipment costing $73,000 was purchased during the year by issuing common stock shares at par and paying $13,000 in cas 2. The company issued 1,000 shares common stock at par in exchange for land, and paid an additional $15,000 in cash. 3. In order to supplement its cash, Moe issued 2,000 shares of common stock at par value. 4. Cash dividends of $105,000 were declared and paid at the end of the year. SHARPE COMPANY STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 r 20252024 CASH FLOWS FROM OPERATING ACTIVITES Net Income $(37,000) Adjustments to reconcile net income to Depreciation expense Gain on sale of investments Loss on sale of equipment (Increase) decrease in accounts receivable (Increase) decrease in prepaid expenses (Increase) decrease in inventory Increase (decrease) in accounts payable Increase (decrease) in interest payable Increase (decrease) in income taxes payable CASH USED FOR OPERATING ACTIVITES CASH FLOWS FROM INVESTING ACTIVITES Purchase of equipment (10,000) Purchase of land Sale of investments Sale of equipment Net cash provided by (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITES Payments of bonds payable Cash dividends paid issuance of common stock Net cash used in financing activities (78,000) NET DECREASE IN CASH (174,950) CASH AT BEGINNING OF YEAR CASH AT END OF YEAR \$. (124.950) SUPPLEMENTAL DISCLOSURE 0 1. Equipment costing $73,000 was purchased during the year by issuing common stock shares at par and paying $13,000 in cas 2. The company issued 1,000 shares common stock at par in exchange for land, and paid an additional $15,000 in cash. 3. In order to supplement its cash, Moe issued 2,000 shares of common stock at par value. 4. Cash dividends of $105,000 were declared and paid at the end of the year. SHARPE COMPANY STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 r 20252024 CASH FLOWS FROM OPERATING ACTIVITES Net Income $(37,000) Adjustments to reconcile net income to Depreciation expense Gain on sale of investments Loss on sale of equipment (Increase) decrease in accounts receivable (Increase) decrease in prepaid expenses (Increase) decrease in inventory Increase (decrease) in accounts payable Increase (decrease) in interest payable Increase (decrease) in income taxes payable CASH USED FOR OPERATING ACTIVITES CASH FLOWS FROM INVESTING ACTIVITES Purchase of equipment (10,000) Purchase of land Sale of investments Sale of equipment Net cash provided by (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITES Payments of bonds payable Cash dividends paid issuance of common stock Net cash used in financing activities (78,000) NET DECREASE IN CASH (174,950) CASH AT BEGINNING OF YEAR CASH AT END OF YEAR \$. (124.950) SUPPLEMENTAL DISCLOSURE 0