Can you please check my work and see where I went wrong? Sage, Inc., a greeting card company, had the following statements pre$|$December $31,2025.$

Prepare a statement of cash flows using the indirect method.

Sage Inc.

Sage Inc.

Comparative Balance Sheet

Income Statement

As of December $31,2025$ and $2024$

For the Year Ending December $31,2025$

Additional information:

Dividends in the amount of: $$6,000$ were declared and paid during $2025$

Depreciation expense and amortization expense are included in operating expenses

No unrealized gains or losses have occurred on the investments during the year

Equipment that had a cost of

$$20,200$ and was

$70\%$ depreciated was sold during $2025.$ Ready

Q$.1173$ Cash Flows from Operating Activities $-$ Breakdown:

$74$ Operating activities include net income, adjustments for non$-$cash expenses, and changes in working capital accounts.

$75$ Adjustments to reconcile net income to net cash provided by operating activities:

Net income:

Depreciation expense:

Accounts receivable

Inventory

Prepaid rent

Accounts payable

Income taxes payable

Salaries and wages payable

Interest Expense

Gain on sale of Equipment

Net cash provided by operating activities:

Cash Flows from Investing Activities $-$ Breakdown:

$0$ Investing activities include purchases and sales of long$-$term assets.

Purchase of equipment

Proceeds from sale of equipment

Purchase of short$-$term debt investments:

Net cash used in investing activities:

Investing activities include purchases and sales of long$-$term assets.

$\backslash$table$[[$Short$-$term loans payable,$(1,900)]]$

Long$-$term loans payable $,(8,800)$

Cash payment of dividends

Net cash provided by investing activities:

Summary of Cash Flows $-$ Breakdown:

Net decrease in cash

Cash, January $1,2025$

Cash, December $31,2025$