Current Attempt in Progress Flounder Inc. had the following condensed balance sheet at the end of operations for 2024. During 2025 , the following occurred. 1. A tract of land was purchased for $8,900. 2. Bonds payable in the amount of $15,000 were redeemed at par. 3. An additional $9,900 in common stock was issued at par. 4. Dividends totaling $9,400 were paid to stockholders. 5. Net income was $30,600 after allowing depreciation of $13,300. 6. Land was purchased through the issuance of $22,800 in bonds. 7. Flounder Inc. sold part of its investment portfolio for $12,900. This transaction resulted in a gain of $1,900 for the company. No unrealized gains or losses were recorded on these investments in 2025. 8. Both current assets (other than cash) and current liabilities remained at the same amount. Prepare a statement of cash flows for 2025 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).) Question 8 of 20 0.22/0.63i Net Income $30600 Adjustments to reconcile net income to Net Cash Provided by Operating Activities : Depreciation Expense $ 13300 Gain on Sale of Investments \begin{tabular}{rr} \hline-1900 \\ \hline \end{tabular} 11400 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Land 8900 Question 8 of 20 0.22/0.6 i Sale of Investments 12900 Net Cash Provided by Investing Activities 4000 Cash Flows from Financing Activities Redemption of Bonds Payable Payment of Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash, January 1, 2025 Question 8 of 20 0.22/0.6 Redemption of Bonds Payable Payment of 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 Bonds for Land