Condensed financial data of Culver Corp. for 2025 and 2024 are presented below. CULVER CORP. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2025 AND 2024 2025 2024 Cash $780 $590 Investments 0 210 Receivables 2,260 2,150 Inventory 1,580 1,240 Plant assets 1,590 1,220 Accumulated depreciation (590) (475) $5,620 $4,935 Accounts payable $800 $1,200 Accrued liabilities 320 550 Accounts payable $800 $1,200 Accrued liabilities 320 550 Bonds payable 820 990 Capital stock 1,530 1,430 Retained earnings 2,150 765 $5,620 $4,935 CULVER CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2025 Sales $15,200 Cost of goods sold 10,420 Gross margin 4,780 Selling and administrative expenses 1,245 Income from operations 3,535 Other revenues and gains Loss on sale of investments 100 Income before tax 3,435 Other revenues and gains Loss on sale of investments 100 Income before tax 3,435 Income tax expense 1,450 Net income 1,985 Cash dividends 600 Income retained in business $1,385 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 sectio cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) CULVER CORP. Statement of Cash Flows