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7 a Skysong Inc., a greeting card company, had the following statements prepared as of December 31, 2025. Additional information: 1. Dividends in the amount
7 a
Skysong Inc., a greeting card company, had the following statements prepared as of December 31, 2025. Additional information: 1. Dividends in the amount of \\( \\$ 6,000 \\) were declared and paid during 2025 . 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of \\( \\$ 20,100 \\) and was \70 depreciated was sold during 2025 . Prepare a statement of cash flows 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) \\).) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow withStep by Step Solution
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