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3. On January 2, 2025, Bramble sold equipment costing $59,500, with a carrying amount of $38,400, for $39,900 cash. 4. On December 31,2025, Bramble entered

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image text in transcribed 3. On January 2, 2025, Bramble sold equipment costing $59,500, with a carrying amount of $38,400, for $39,900 cash. 4. On December 31,2025, Bramble entered into a capital lease for an office building. The present value of the annual rental payments is $408,500, which equals the fair value of the building. Bramble made the first rental payment of $59,800 when due on January 2, 2026. 5. Net income for 2025 was $405,800. 6. Bramble declared and paid the following cash dividends for 2025 and 2024. Prepare a statement of cash flows for Bramble Corp. for the year ended December 31, 2025, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) BRAMBLE CORP. Statement of Cash Flows Adjustments to reconcile net income to $ The following are Bramble Corp.'s comparative balance sheet accounts at December 31, 2025 and 2024, with a column showing the increase (decrease) from 2024 to 2025. Additional information: 1. On December 31,2024 , Bramble acquired 25% of Myers Co.'s common stock for $273,800. On that date, the carrying value of Myers's assets and liabilities, which approximated their fair values, was $1,095,200. Myers reported income of $154,000 for the year ended December 31, 2025. No dividend was paid on Myers's common stock during the year. 2. During 2025 , Bramble loaned $309,100 to TLC Co, an unrelated company. TLC made the first semiannual principal repayment of $59,000, plus interest at 10%, on December 31,2025 . 3. On January 2,2025 , Bramble sold equipment costing $59,500, with a carrying amount of $38,400, for $39,900 cash. 4. On December 31,2025, Bramble entered into a capital lease for an office building. The present value of the annual rental payments is $408,500, which equals the fair value of the building. Bramble made the first rental payment of $59,800 when dueon January 22026

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