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Comparative balance sheet of swifty inc are presented below. Comparative balance sheet accounts of Swifty r,c_ are presented below Swifty Inc *pet As of December
Comparative balance sheet of swifty inc are presented below.
Comparative balance sheet accounts of Swifty r,c_ are presented below Swifty Inc *pet As of December 31, 2025 and 2024 December 31 Debit Accou nts Cash Accounts Receivable Equity Investments Mechinery guildings for Doubtful Accounts Acuma_llated Acuma_llated Depreciationguildings Accounts Payable Accrued Peye Oles Long-Term Notes Payable Common Stock. repar Retained Earnings Additional data (igring taxes): Net it-come for year was S424CO SAI. 200 67 .coo 7.500 S270.coo S2.200 21.200 S270.coo 2024 533.700 Sisco 31.cco 42.800 Prepere e statement of cash flows using the it-direct meth-ad _ (Show arnounts tint &crease cash now with either a - swn e.g. in Shtenw't of Ca4' Flows 31, 'Eng Adjustments to reconcile net income to 2 3 5 Cash dividerus declared atv} paid during the year were S21.300. A stock divideru was declared durirgthe year. 525.000 of retained earnings wes capitalized Equity investments (level of mvnership is less than 20%) thet cost SIC. 800 were sold duringthe year for "8. SCO No unrealized gains losses were recorded on these investments in 2025. Machinery that cost S' 8130. on which S75C of depreciation had zcumulated. wes sold for S2.2SO Swiftvs 2025 incorrve statement follmvs (ignoring taxes). Sales re.nue Less: Cost of goods sold Gross margin Less: Operating expenses (it-eludes S8.750 depreciation and SS. 735 bad debts) rcome from operations Other: Gein on sale of investments Loss on sale of machinery Net income g. 700 (aco 554 loco 381800 159.200 119.700 39.500 542cco Compute net cash flow from operating activities using the direct metfod_ (Enter negativeanm'nts usirw either a nqatives&n Cash Cash eTextbaok and Media La - Last saved 54 secords ago. 45 or parenthses (45).' Net cash operating ectivities eTextbaok and Media Attempts: O of 5 used Attempts: O of 5 used Submlt An Submlt An
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