Martinez Inc. had the following balance sheet at December $31,2024.$

During $2025,$ the following occurred.

Martinez liquidated its available$-$for$-$sale debt investment portfolio at a loss of $$10,140.$

A tract of land was purchased for $$43,140.$

An additional $$30,000$ in common stock was issued at par.

Dividends totaling $$15,140$ were declared and paid to stockholders.

Net income for $2025$ was $$40,140,$ including $$17,140$ in depreciation expense.

Land was purchased through the issuance of $$35,140$ in additional bonds.

At December $31,2025,$ Cash was $$75,340,$ Accounts Receivable was $$47,140,$ and Accounts Payable was $$45,140.$

$($a$)$

Prepare a statement of cash flows for the year $2025$ for Martinez. $($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.$

$-15,000$ or in parenthesis e$.$g$.(15,000).)$

MARTINEZ INC.

Statement of Cash Flows

Adjustments to reconcile net income to