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Current Attempt in Progress The comparative balance sheets for Coronado Corporation show the following information. December 31 2025 2024 Cash $33,400 $13,100 Accounts receivable
Current Attempt in Progress The comparative balance sheets for Coronado Corporation show the following information. December 31 2025 2024 Cash $33,400 $13,100 Accounts receivable 12,300 10,000 Inventory 12,200 9,100 Available-for-sale debt investments -0- 2,900 Buildings -0- 29,500 Equipment 45,400 20,200 Patents 5,000 6,200 $108,300 $91,000 Allowance for doubtful accounts $3,000 $4,500 Accumulated depreciation-equipment 2,000 4,600 Accumulated depreciation-building -0- 6,100 Accounts payable 5,000 2,900 Dividends payable -0- 4,900 Notes payable, short-term (nontrade) 3,000 4,000 Long-term notes payable 31,000 25,000 Common stock 43,000 33,000 Retained earnings 21,300 6,000 $108,300 $91,000 Additional data related to 2025 are as follows. 1. Equipment that had cost $11,200 and was 40% depreciated at time of disposal was sold for $2,500. 2. $10,000 of the long-term note payable was paid by issuing common stock. 3. Cash dividends paid were $4,900. 4. 5. On January 1, 2025, the building was completely destroyed by a flood. Insurance proceeds on the building were $29,700 (net of $2,000 taxes). Debt investments (available-for-sale) were sold at $1,700 above their cost. The company has made similar sales and investments in the past. 6. Cash was paid for the acquisition of equipment. 7. A long-term note for $16,000 was issued for the acquisition of equipment. 8. Interest of $2,000 and income taxes of $6,500 were paid in cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-s parenthesis e.g. (15,000).) -sign e.g.-15,000 or in CORONADO CORPORATION Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities +A > > 60 $ > Supplemental disclosures of cash flow information: 60 $ Supplemental disclosures of cash flow information: 60 $ -69 $
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