he $2025$ income statement and comparative balance sheet of One Stop$,$ Inc.$$ follow:

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Part $1$

Requirement $1.$ Prepare the $2025$ statement of cash$$ flows, formatting operating activities by the indirect method. $($Use a minus sign or parentheses for amounts that result in a decrease in cash. If an input field is not used in the$$ statement, leave the field$$ empty; do not select a label or enter a$$ zero.$)$

Complete the statement one section at a$$ time, beginning with the cash flows from operating activities.

Part $2$

One Stop, Inc.

Statement of Cash Flows

Year Ended December $31,2025$

Cash Flows from Operating Activities:

Net Income

$$116,100$

Adjustments to Reconcile Net Income to Net Cash

Provided by $($Used for$)$ Operating Activities:

Decrease in Accrued Liabilities

$$(2,300)$

Decrease in Merchandise Inventory

$11,900$

Depreciation Expense$$Plant Assets

$14,700$

Increase in Accounts Payable

$5,700$

Increase in Accounts Receivable

$(800)$

$29,200$

Net Cash Provided by $($Used for$)$ Operating Activities

$145,300$

Cash Flows from Investing Activities:

Cash Payment for Acquisition of Plant Assets

Net Cash Provided by $($Used for$)$ Investing Activities

Help me solve thisEtext pages Get more helpOne Stop, Inc.

Income Statement

Year Ended December $31,2025$

Net Sales Revenue

$$444,000$

Cost of Goods Sold

$200,200$

Gross Profit

$243,800$

Operating Expenses:

Salaries Expense

$$71,400$

Depreciation Expense$$Plant Assets

$14,700$

Other Operating Expenses

$10,100$

Total Operating Expenses

$96,200$

Operating Income

$147,600$

Other Income and $($Expenses$)$:

Interest Revenue

$9,000$

Interest Expense

$(21,000)$

Total Other Income and $($Expenses$)$

$(12,000)$

Net Income Before Income Taxes

$135,600$

Income Tax Expense

$19,500$

Net IncomeOne Stop, Inc.

Comparative Balance Sheet

December $31,2025$ and $2024$

$2025$

$2024$

Assets

Current Assets:

Cash

$$26,100$

$$15,800$

Accounts Receivable

$26,400$

$25,600$

Merchandise Inventory

$79,500$

$91,400$

Long$-$term Assets:

Land

$34,800$

$8,000$

Plant Assets

$116,460$

$107,180$

Accumulated Depreciation$$Plant Assets

$(17,560)$

$(15,480)$

Total Assets

$$265,700$

$$232,500$

Liabilities

Current Liabilities:

Accounts Payable

$$35,700$

$$30,000$

Accrued Liabilities

$28,000$

$30,300$

Long$-$term Liabilities:

Notes Payable

$72,000$

$102,000$

Total Liabilities

$135,700$

$162,300$

Stockholders' Equity

Common Stock, no par

$88,500$

$64,100$

Retained Earnings

$41,500$

$6,100$

Total Stockholders' Equity

$130,000$

$70,200$

Total Liabilities and Stockholders' Equity

$$265,700$

$$232,500$

pop$-$up content endsAdditionally, One Stop$,$ Inc. purchased land of $ $26$ comma $800$ by financing it$100\%$ with$$ long$-$term notes payable during $2025.$ During the$$ year, there were no sales of$$ land, no retirements of$$ stock, and no treasury stock transactions. A plant asset was disposed of for$$ $$0.$ The cost and the accumulated depreciation of the disposed asset was $ $12$ comma $620.$ The plant acquisition was for cash.

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