Grouper Inc., a greeting card company, had the following statements prepared as of December 31, 2025. \begin{tabular}{lrr} Salaries and wages payable & 8,000 & 3,900 \\ Short-term loans payable & 8,000 & 9,900 \\ Long-term loans payable & 59,400 & 68,800 \\ Common stock, $10 par & 100,000 & 100,000 \\ Paid-in capital, common stock & 30,000 & 30,000 \\ Retained earnings & 57,500 & 36,000 \\ \hline Total liabilities and stockholders' equity & $$312,400 & $294,700 \\ \hline \hline \end{tabular} Grouper Inc. Income Statement For the Year Ending December 31, 2025 Additional information: 1. Dividends in the amount of $6,100 were declared and paid during 2025 . 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 2025 . GROUPER INC. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income $27600 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Amortization of Copyright Gain on Sale of Equipment Increase in Accounts Receivable Decrease in Inventory 11600 \begin{tabular}{|r|} \hline 20300 \\ \hline \end{tabular} \begin{tabular}{|l|} \hline Increase in Prepaid Rent \\ \hline Increase in Accounts Payable \\ \hline \end{tabular} Increase in Salaries and Wages Payable Decrease in Income Taxes Payable \begin{tabular}{|r|} \hline-1100 \\ \hline \end{tabular} 6000 4100 \begin{tabular}{|r|} \hline 42000 \\ \hline \end{tabular} Cash Flows from Financing Activities Principal Payment on Short-term Loan 1900 Principal Payment on Long-Term Loan \begin{tabular}{|r|} \hline-9200 \\ \hline \end{tabular} Dividend Payments \begin{tabular}{r|} \hline-5900 \\ \hline \end{tabular} Net Cash Used by Financing Activities Net Decrease in Cash 9006900$000 Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net cash flow from operating activities $