Condensed financial data of Metlock Company for 2025 and 2024 are presented below. Metlock Company Comparative Balance Sheet As of December 31, 2025 and 2024 2025 2024 Cash $1,820 $1,150 Receivables 1,780 1,310 Inventory 1,600 1,930 Plant assets 1,930 1,710 Accumulated depreciation (1,200) (1,160) Long-term investments (held-to-maturity) 1,320 1,400 $7,250 $6,340 Accounts payable $1,190 $880 Accrued liabilities 190 270 Bonds payable 1,430 1,520 Common stock 1,900 1,730 Retained earnings 2,540 1,940 Metlock Company Comparative Balance Sheet As of December 31, 2025 and 2024 2025 2024 Cash $1,820 $1,150 Receivables 1,780 1,310 Inventory 1,600 1,930 Plant assets 1,930 1,710 Accumulated depreciation (1,200) (1,160) Long-term investments (held-to-maturity) 1,320 1,400 $7,250 $6,340 Accounts payable $1,190 $880 Accrued liabilities 190 270 Bonds payable 1,430 1,520 Common stock 1,900 1,730 Retained earnings 2,540 1,940 $7,250 $6,340 Metlock Company Income Statement For the Year Ended December 31, 2025 Sales revenue $6,860 Cost of goods sold 4,620 Gross margin 2,240 Selling and administrative expense 920 Income from operations 1,320 Other revenues and gains Gain on sale of investments 80 Income before tax 1,400 Income tax expense 540 Net income 860 Cash dividends 260 Income retained in business $600 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2025. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 c parenthesis e.g. (15,000).) METLOCK COMPANY STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 (Indirect Method) Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Increase in Accounts Receivable Decrease in Inventory Increase in Accounts Payable Decrease in Accrued Liabilities 260 860 METLOCK COMPANY STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 Cash Flows from Operating Activities (Indirect Method) Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities : Increase in Accounts Receivable Decrease in Inventory Increase in Accounts Payable Decrease in Accrued Liabilities AA 260 Depreciation Expense Gain on Sale of Investments 80 -80 MacBook Air 860 Gain on Sale of Investments Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Plant Assets Sale of Investments Net Cash Provided by Investing Activities Cash Flows from Financing Activities Redemption of Bonds Payable Issuance of Common Stock for Plant Assets Payment of Cash Dividends 80 -80 -260 Payment of Cash Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash, January 1, 2025 Cash, December 31, 2025 Noncash Investing and Financing Activities Issuance of Common Stock for Plant Assets eTexthook and Media -260 1150 1820