Canyon Canoe Company's comparative balance sheet and addtional 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 a box is not used in the statement, leave the box empty, do not select a label or na zo) Canyon Canoe Company Statement of Cash Flows Year Ended December 31, 2025 Cash Flows From Operating Activities Net Income Adjustments to Reconcie Net income to Net Cash Provided by used for Operating Activities CHED Data table ny's co ew the of cash x emp Current Assets: Canyon Canoe Company Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets erating Merchandise Inventory Office Supplies oncile N Prepaid Rent Cash $ 523,693 $ 12,125 Short-term Investments, net 23,840 0 Accounts Receivable, net 2,422 7,600 355 0 60 165 0 2,000 or) Ope Property, Plant, and Equipment Land 155,000 85,000 Building 610,000 35,000 Canoes 12,000 12,000 Print Done -X es for amo view the nt of cash box emp Office Furniture and Equipment Accumulated Depreciation-PP&E Total Assets Liabilities 150,000 (35,180) 0 es (850) $ 1,442,190 $ 153,040 Current Liabilities: Accounts Payable 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 S CO the Unearned Revenue cash Long-Term Liabilities: emp Notes Payable Mortgage Payable 500 350 7,200 7,200 405,000 0 210,000 0 (1,270) 647,670 12,520 Stockholders' Equity Bonds Payable Discount on Bonds Payable Total Liabilities 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-Con mon 150,000 0 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 1,442,190 $ 153,040 388,520 4,520 794,520 140,520 sh pt 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. - X Net Cash Provided by (Used for) Operating Activities