IVANHOE CORPORATION Statement of Cash Flows For the Year Ended December 31.2025 \# Adjustments to reconcile net income to Additional data related to 2025 are as follows. 1. Equipment that had cost $11,000 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 $5,000. 4. On January 1,2025, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,100 (net of $2,000 taxes). 5. Debt imvestments (available-for-sale) were sold at $1.700 above their cost. The compamy 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 - sign e.s. 15,000 or in parenthesis e. 3.(15,000). Current Attempt in Progress The comparative balance sheets for Ivanhoc Corporation show the following information