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Condensed financial data of Metlock Corp. for 2025 and 2024 are presented below. METLOCK CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2025 Sales

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Condensed financial data of Metlock Corp. for 2025 and 2024 are presented below. METLOCK CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2025 Sales $15,110 Cost of goods sold Gross margin 4,66010,450 \begin{tabular}{lr} Selling and administrative expenses & 1,195 \\ \cline { 2 - 2 } Income from operations & 3,465 \end{tabular} Other revenues and gains Loss on sale of investments Income before tax 703,395 Income tax expense Net income 1,9751,420 Cash dividends Income retained in business 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 Cash Cllections from Customers Cash Paid for Income Taxes Cash Paid for Merchandise Cash Paid for Selling/Administrative Expenses 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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