Cheyenne Company

Comparative Balance Sheets

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

Income Statement and Dividend Information

For the Year Ended December $31,2025$

Other revenues$/$expenses Prepare a statement of cash flows for Cheyenne Company using the direct method accompanied by a reconciliation schedule. Assume

the short$-$term investments are debt securities$,$ classified as available$-$for$-$sale. $($Show amounts in the investing and financing sections that

decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000)).)$

CHEYENNE COMPANY

Statement of Cash Flows

For the Year Ended December $31,2025$

$($Direct Method$)$

Cash Flows from Operating Activities

Cash receipts:

Cash Received from Customers

$

Dividends Received

Cash payments:

$[$

$]$

Cash Paid for Operating Expenses

Cash Flows from Investing Activities $($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

Reconciliation Schedule

Reconciliation of Net Income to

Cash Flows from Operating Activities

Adjustments to reconcile net income to

Net Cash Provided by Operating Activities

Gain on Sale of Land

Gain on Sale of Short$-$term Investments

Amortization of Bond Premium

Increase in Accounts PayableDecrease in Accounts Payable

Increase in Supplies

Increase in Income Taxes Payable

Increase in Salaries and Wages Payable

Net Cash Provided by Operating Activities