journal entry selections

Condensed financial data of Skysong Company for 2025 and 2024 are presented below. Skysong Company Income Statement For the Year Ended December 31, 2025 Sales revenue $6,800 Cost of goods sold Gross margin 2,1004,700 SellingandadministrativeexpenseIncomefromoperations9101,190 Other revenues and gains Gain on sale of investments Income before tax Income tax expense Net income 801,270550720 Cash dividends Income retained in business During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2025. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. - 15,000 or in parenthesiseg. (15,000). Decrease in Accounts Payable Decrease in Accounts Receivable Decrease in Accrued Liabilities Decrease in Inventory Depreciation Expense Gain on Sale of Investments Increase in Accounts Payable Increase in Accounts Receivable Increase in Accrued Liabilities Increase in Inventory Issuance of Bonds Payable Issuance of Capital Stock Issuance of Common Stock for Plant Assets Loss on Sale of Investments Net Income Payment of Cash Dividends Purchase of Investments Purchase of Plant Assets Redemption of Bonds Payable Sale of Investments Cash, January 1, 2025 Cash, December 31, 2025 Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Noncash Investing and Financing Activities