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Condensed financial data of Bramble Corp. for 2025 and 2024 are presented below. BRAMBLE CORP. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2025 AND
Condensed financial data of Bramble Corp. for 2025 and 2024 are presented below. BRAMBLE CORP. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2025 AND 2024 2025 2024 Cash $840 $620 Investments 0 240 Receivables 2,230 2,110 Inventory 1,620 1,200 Plant assets 1,640 1,240 Accumulated depreciation (630) (465) $5,700 $4,945 Accounts payable $730 $1,240 Accrued liabilities 380 510 Bonds payable 850 990 Capital stock 1,520 1,420 Retained earnings 2,220 785 $5,700 $4,945 BRAMBLE CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2025 Sales $15,140 Cost of goods sold 10,400 Gross margin 4,740 Selling and administrative expenses 1,225 Income from operations 3,515 Other revenues and gains Loss on sale of investments 100 Income before tax 3,415 Income tax expense 1,380 Net income 2,035 Cash dividends 600 Income retained in business $1,435 Additional information: During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in 2025. Prepare a statement of cash flows using the direct method. (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).) BRAMBLE CORP. Statement of Cash Flows For the Year Ended December 31, 2025 Additional Information: During the year, $100 of common stock was Issued in exchange for land. No plant assets were sold in 2025. Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a -sign eg.-15,000 or in parenthesis e.g. (15,000).) BRAMBLE CORP. Statement of Cash Flows For the Year Ended December 31, 2025 (Direct Method) $ > $ $ Cash Collections from Customers Cash Paid for Income Taxes Cash Paid for Merchandise Cash Paid for Selling/Administrative Expenses lasuance of Capital Stock Issuance of Common Stock for Plant Assets Payment of Cash Dividends Purchase of Held-to-Maturity Investments Purchase of Plant Assets Redemption of Common stock Retirement of Bonds Payable Sale of Bonds Payable Sale of investments Attempts: 0 of 1 used Submit Answer Sale of Plant Assets cation W Cash Collections from Customers Cash Paid for Income Taxes 5,00 BRA eme Cash Paid for Merchandise Ende Cash Paid for Selling/Administrative Expenses (Di Issuance of Capital Stock Issuance of Common Stock for Plant Assets Payment of Cash Dividends Purchase of Held-to-Maturity Investments Purchase of Plant Assets Redemption of Common stock Retirement of Bonds Payable Sale of Bonds Payable Sale of Investments Sale of Plant Assets Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Cash, January 1, 2025 Cash, December 31, 2025 Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Noncash Investing and Financing Activities
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