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A comparative balance sheet for Flint Corporation is presented as follows. December 31 Assets Cash $72,7002025$22,0002024 Accounts receivable 83,78068,080 Inventory Land 181,78072,780191,080112,080 Equipment Liabilities and
A comparative balance sheet for Flint Corporation is presented as follows. December 31 Assets Cash $72,7002025$22,0002024 Accounts receivable 83,78068,080 Inventory Land 181,78072,780191,080112,080 Equipment Liabilities and Stockholders' Equity Accounts payable Bonds payable 150,000200,000 Common stock (\$1 par) 214,000164,000 Retained earnings Total Additional information: 1. Net income for 2025 was $128,560. No gains or losses were recorded in 2025 . 2. Cash dividends of $64,460 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 Flint Corporation. (Show amounts that decrease cash flow with either a - sign e.g. $ Issued common stock to retire $ of bonds outstanding
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