Part 1 of 5 Score: 0%, u or 27 points O Points: 0 of 27 Outdoor Adventure Company's comparative balance sheet and additional data are shown below. B! Click the icon to view the comparative balance sheet.) (Click the icon to view the additional data.) Requirement Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) - Outdoor Adventure Company Statement of Cash Flows Year Ended December 31, 2025 Cash Flows From Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities ( Clear all Check Outdoor Adventure Company Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets Cash $ 2,359, 120 S 11 290 25,000 0 2 200 7200 Short-term Investments, net Accounts Receivable, net Merchandise Invatory Office Supplies Prepaid Rent Property, Plant and Equipment: 800 70 300 2.600 Land 1,525.000 85.000 Building 1,107.000 57.000 Canoes 12.000 12 000 Office Furniture and Equipment Accumulated Depreciation-PP&E 130 000 0 (36 4000 21.190) Total Assets 9 5.124.790 $ 174,200 Liabilities Current Liabilities: Accounts Payable Utilities Payable W210 4.220 Telenhone Pavable 080 280 490 340 Print Done More info 1. The income statement for 2025 included the following items: a. Net income, $487,000 b. Depreciation expense for the year, $35,210. c. Amortization on the bonds payable, $320 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $1,300.000. receiving cash of $1.298 080 4. The company distributed 2.000 shares of common stock in a stock dividend when the market value was $11.00 per share. All other dividends were paid in cash 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2025 is considered a financing activity because it does not relate to operations. Print Done Requirement Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (l Outdoor Adventure Company Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash $ 2,359, 120 $ 11,290 Short-term Investments, net 25,000 0 Accounts Receivable, net 2,200 7,200 800 0 Merchandise Inventory Office Supplies 70 300 Prepaid Rent 0 2.600 Property, Plant, and Equipment: Land 85.000 1.525 000 1,107.000 Building 57.000 Canoes 12 000 12.000 Office Furniture and Equipment 130.000 0 Accumulated Depreciation-PP&E (36,400) (1.190) Total Assets $ 5,124,790 $ 174,200 Liabilities Current Liabilities: S 7210 $ Accounts Payable Utilities Payable 4.220 680 280 Telephone Pavable 490 340 Print Done Lladrilles Current Liabilities: GA 7,210 $ 4.220 680 280 490 340 Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable 3,450 1.250 26.000 0 310 60 Uneamed Revenue 250 50 Long-Term Liabilities 5 280 5 280 Notes Payable Mortgage Payable Bonds Payable 840.000 NO 1.300.000 0 2.600 02 Discount on Bonds Payable Total Liabilities 2182070 41.480 Stockholders' Equity Paid-in Capital Preferred Stock 400000 ON Paid-In Capital in Excess of Par-Preferred 1 040 000 0 Common Stock B000 WOON Paid-in Capital in Excess of Par-Common 7200000 4420 720 Retained Earnings 2.942720 16270 Total Stockholders' Equity 5 5.124,790 174.200 Total Liabilities and Stockholders Equity Print Done Data table Hd LIZOITUS e a Current Liabilities: Accounts Payable 7,210 $ 4,220 680 280 490 340 Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable 3,450 1,150 26,000 0 310 60 Unearned Revenue 250 150 Long-Term Liabilities: 5.280 5.280 Notes Payable Mortgage Payable Bonds Payable 840.000 0 0 1,300,000 (1.600) Discount on Bonds Payable 0 Total Liabilities 2 182,070 11.480 Stockholders' Equity Paid-in Capital Preferred Stock 400,000 0 Paid-In Capital in Excess of ParPreferred 1,040,000 0 Common Stock 341 000 161,000 Paid-In Capital in Excess of Par-Common 720 000 441.720 0 Retained Earnings 1.720 Total Stockholders' Equity 2.942.720 162,720 Total Liabilities and Stockholders' Equity S 5,124,790 $ 174,200 Print Done Outdoor Adventure Company Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets Cash $ 2,359,120 $ 11.290 Short-term Investments, net 25.000 0 Accounts Receivable, net 2,200 7200 Merchandise Inventory Office Supplies 800 0 70 300 Prepaid Rent 0 2.600 Property. Plant, and Equipment: Land 1,525,000 85.000 Building 1.107.000 57.000 Canoes 12,000 12.000 Office Furniture and Equipment Accumulated DepreciationPP&E 130,000 (36,400) (1,190) Total Assets 5.124.790 S 174,200