A comparative balance sheet for Buffalo Corporation is presented as follows. December 31 Assets 2025 2024 Cash $72,660 $22,000 Accounts receivable 83,490 67,830 Inventory 181,490 190,830 Land 72,490 111,830 Equipment Accumulated depreciation-equipment 261,490 201,830 (70,490) (43,830) Total $601,130 $550,490 Liabilities and Stockholders' Equity Accounts payable $35,490 $48,830 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 201,640 137,660 Total $601,130 $550,490 Additional information: 1. Net income for 2025 was $127,980. No gains or losses were recorded in 2025. 2. Cash dividends of $64,000 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. Prepare a statement of cash flows for 2025 for Buffalo Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Buffalo Corporation Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Used by Operating Activities Depreciation Expense Depreciation Expense Increase in Accounts Payable v > > Issued common stock to retire $ of bonds outstanding