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Condensed financial data of Swifty Company for 2025 and 2024 are presented below. Bonds payable Common stock Retained earnings begin{tabular}{rrr} 1,390 & 1,540 1,910
Condensed financial data of Swifty Company for 2025 and 2024 are presented below. Bonds payable Common stock Retained earnings \begin{tabular}{rrr} 1,390 & 1,540 \\ 1,910 & 1,730 \\ 2,460 & 1,860 \\ \hline$ & & $6,250 \\ \hline \end{tabular} Swifty Company Income Statement For the Year Ended December 31, 2025 Sales revenue $7,020 Cost of goods sold Gross margin 2,2404,780 \begin{tabular}{lr} Selling and administrative expense & 910 \\ \cline { 2 - 2 } Income from operations & 1,330 \end{tabular} Other revenues and gains Gain on sale of investments Income before tax 1,40070 Income tax expense Net income 860540 Additional information: During the year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2025. Additional information: During the year, $80 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 e.g. 15,000 or in parenthesis e.g. (15,000).)
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