Canyon Canoe Company's comparative balance sheet and additional data are shown below. (Click the icon to view the comparative balance sheet.) Requirement (Click the icon to view the additional data.) Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Increase in Interest Payable 300 Increase in Unearned Revenue Increase in Utilities Payable Increase in Merchandise Inventory Decrease in Prepaid Rent 150 450 (355) 2,000 Increase in Accounts Payable 2,145 24,092 Net Cash Provided by (Used for) Operating Activities 441,092 Cash Flows From Investing Activities: Net Cash Provided by (Used for) Investing Activities More info 1. The income statement for 2025 included the following items: a. Net income, $417,000 b. Depreciation expense for the year, $34,330. c. Amortization on the bonds payable, $254. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $210,000, receiving cash of $208,476. 4. The company distributed 4,000 shares of common stock in a stock dividend when the market value was $4.50 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2025 is considered a financing activity because it does not relate to operations. Current Assets: Cash Canyon Canoe Company Comparative Balance Sheet December 31, 2025 and 2024 Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Assets S 2025 2024 523,693 $ 12,125 23,840 0 2,422 7,600 355 0 60 165 Prepaid Rent Property, Plant, and Equipment: Land Building 0 2,000 155,000 85,000 610,000 35,000 12,000 12,000 150,000 0 (35,180) (850) S 1,442,190 $ 153,040 Liabilities Canoes Office Furniture and Equipment Accumulated Depreciation-PP&E Total Assets Current Liabilities: Accounts Payable S 5,195 $ 3,050 Utilities Payable 745 295 Telephone Payable 700 325 Wages Payable 4,250 1,250 Notes Payable 15,000 0 Interest Payable 350 50 Unearned Revenue 500 350 Long-Term Liabilities: Notes Payable 7,200 7,200 Mortgage Payable 405,000 0 Bonds Payable 210,000 0 (1,270) 0 Discount on Bonds Payable Discount on Bonds Payable Total Liabilities 647,670 12,520 Stockholders' Equity Paid-In Capital: Preferred Stock 60,000 0 Paid-In Capital in Excess of Par-Preferred 10,000 0 Common Stock 186,000 136,000 Paid-In Capital in Excess of Par-Common 150,000 0 388,520 4,520 Retained Earnings 794,520 140,520 Total Stockholders' Equity $ 1,442,190 $ 153,040 Total Liabilities and Stockholders' Equity