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Comparative balance sheet accounts of Metiock Company are presented below Additional data: 1. Equipment that cost $20,000 and was 40% depreciated was sold in 2025.

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Comparative balance sheet accounts of Metiock Company are presented below Additional data: 1. Equipment that cost $20,000 and was 40% depreciated was sold in 2025. 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land. 4. Investments that cost $23,000 were soid during the year. Additional data: 1. Equipment that cost $20,000 and was 40% depreciated was sold in 2025 . 2. Cash dividends were declared and paid during the year. 3. Common stock was issued in exchange for land. 4. Investments that cost $23,000 were sold during the year. 5. There were no write-offs of uncollectible accounts during the year, (a) Compute net cash provided by operating activities under the direct method, (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities $ (b) Prepare a statement of cash flows using the indirect method (Show amounts that decrease cash flow with either a-sign e.g. 15,000 or in parenthesis e.g. (15,000).) METLOCK COMPANY Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net income djustments to reconale net income to Net Cash Provided by Operating Activities Net Cash Provided by Operating Actlvities : Cash Flows from Investing Activities Sale of Equipment Sale of Investments Purchase of Equipment Net Cash Provided by Investing Activities : Cash Flows from Financing Activities Issuance of Common Stock Payment of Long-Term Notes Payable Increase in Income Taxes Payable 5.000 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Sale of Investments Purchase of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock Payment of Long-Term Notes Payable Net Cash Used by Financing Activities Net Decrease in Cash Cash, January 1, 2025 Cash, December 31, 2025 Noncash Investing and Financing Activities * Issuance of Common Stock for Land $

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