Additionally, Jayceon, Inc. purchased land of $24,500 by financing it 100% with longterm notes payable during 2025. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and the accumulated depreciation of the disposed asset was $12,060. The plant acquisition was for cash. Requirements 1. Prepare the 2025 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment? \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} JAYCEON, INC. \\ Comparative Balance Sheet \\ December 31, 2025 and 2024 \end{tabular}} \\ \hline & 2025 & 2024 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current Assets: } \\ \hline Cash & $26,700 & $15,600 \\ \hline Accounts Receivable & 26,500 & 25,300 \\ \hline Merchandise Inventory & 79,900 & 91,900 \\ \hline \multicolumn{3}{|l|}{ Long-term Assets: } \\ \hline Land & 35,500 & 11,000 \\ \hline Plant Assets & 123,480 & 108,840 \\ \hline Accumulated Depreciation-Plant Assets & (20,580) & (18,140) \\ \hline Total Assets & $271,500 & $234,500 \\ \hline \multicolumn{3}{|l|}{ Liabilities } \\ \hline \multicolumn{3}{|l|}{ Current Liabilities: } \\ \hline Accounts Payable & $35,600 & $30,500 \\ \hline Accrued Liabilities & 28,900 & 30,600 \\ \hline \multicolumn{3}{|l|}{ Long-term Liabilities: } \\ \hline Notes Payable & 77,000 & 103,000 \\ \hline Total Liabilities & 141,500 & 164,100 \\ \hline \multicolumn{3}{|c|}{ Stockholders' Equity } \\ \hline Common Stock, no par & 88,200 & 64,300 \\ \hline Retained Earnings & 41,800 & 6,100 \\ \hline Total Stockholders' Equity & 130,000 & 70,400 \\ \hline Total Liabilities and Stockholders' Equity & $271,500 & $234,500 \\ \hline \end{tabular} P-F:16-38B Preparing the statement of cash flows-indirect method with noncash transactions The 2025 income statement and comparative balance sheet of Jayceon, Inc. follow: Additionally, Jayceon, Inc. purchased land of $24,500 by financing it 100% with longterm notes payable during 2025. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and the accumulated depreciation of the disposed asset was $12,060. The plant acquisition was for cash. Requirements 1. Prepare the 2025 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment? \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} JAYCEON, INC. \\ Comparative Balance Sheet \\ December 31, 2025 and 2024 \end{tabular}} \\ \hline & 2025 & 2024 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current Assets: } \\ \hline Cash & $26,700 & $15,600 \\ \hline Accounts Receivable & 26,500 & 25,300 \\ \hline Merchandise Inventory & 79,900 & 91,900 \\ \hline \multicolumn{3}{|l|}{ Long-term Assets: } \\ \hline Land & 35,500 & 11,000 \\ \hline Plant Assets & 123,480 & 108,840 \\ \hline Accumulated Depreciation-Plant Assets & (20,580) & (18,140) \\ \hline Total Assets & $271,500 & $234,500 \\ \hline \multicolumn{3}{|l|}{ Liabilities } \\ \hline \multicolumn{3}{|l|}{ Current Liabilities: } \\ \hline Accounts Payable & $35,600 & $30,500 \\ \hline Accrued Liabilities & 28,900 & 30,600 \\ \hline \multicolumn{3}{|l|}{ Long-term Liabilities: } \\ \hline Notes Payable & 77,000 & 103,000 \\ \hline Total Liabilities & 141,500 & 164,100 \\ \hline \multicolumn{3}{|c|}{ Stockholders' Equity } \\ \hline Common Stock, no par & 88,200 & 64,300 \\ \hline Retained Earnings & 41,800 & 6,100 \\ \hline Total Stockholders' Equity & 130,000 & 70,400 \\ \hline Total Liabilities and Stockholders' Equity & $271,500 & $234,500 \\ \hline \end{tabular} P-F:16-38B Preparing the statement of cash flows-indirect method with noncash transactions The 2025 income statement and comparative balance sheet of Jayceon, Inc. follow