Pina Inc. had the following balance sheet at December $31,2024.$ Prapare a statement of cash flows for $2025.($Show amounts that decrease cosh flow with either a $-$ sign eg$.-15,000$ or in porenthesis

eg $(15,000))$

PINA INC.

Statement of Cash Flows

For the Year Ended Decamber $31,2025$

Caah Flaws from Qeserating Activitias

Net lnadems

$

Adjustments to reconcile net income to

Nst Caah Provided by Ogarating Activelsa

Degraclatian Exganse

Gain on Sele of Investmanta

Incrcase In Acosunt Recstvable

Nat Caah Provided by Ogarsiln Activelas

Caah Flaws from Imwating Acthtios

Sale of invesemerts

Purchase of Land

Net Caah Provided by Ifvestlige Activilis

Cash Flows from Financing Actlvitis:

Retlrqument of Nates Payable

laauance of Common Stack

Prymsent of Coah Dovidands

Net Caah Used by Finanding Actlvitiea

Nst increase in Ceah

Cash at Eesirning of Year

Nanceah Imwating and Fluanding Actlvitica

Land purchased through issuance of $

of bonds Prspars an unclassifisd balance shest as it would appear at Dacamber $31,2025.($List Assets in order of liquidit$).$ Enter account name

only and do not provide the descriptive information provided in the question.$)$

PINA ITE.

Balance Sheet

December $31,2025$

Assets

Cash

$

Acsounts Recslveble

$$

Equlty Investmants

Plant$\_$Aasests

$

Liabilities and Stockholders' Equity

Accounts Poyable

$

Notas Payable

Comman Stock

Rstalnad Earnings

Bonds Payuble

$

During $2025,$ the following occurred.

Pina Inc. sold part of its debt investment portfolio for $$18,358.$ This transaction resulted in a gain of $$6,758$ for the firm. The

company classifies these investments as available$-$for$-$sale.

A tract of land was purchased for $$17,910$ cash.

Long$-$term notes payable in the amount of $$19,358$ were retired before maturity by paying $$19,358$ cash.

An additional $$23,358$ in common stock was issued at par.

Dividends of $$11,558$ were declared and paid to stockholders.

Net income for $2025$ was $$36,910$ after allowing for depreciation of $$14,358.$

Land was purchased through the issuance of $$39,910$ in bonds.

At December $31,2025,$ Cash was $$41,910,$ Accounts Receivable was $$46,510,$ and Accounts Payable remained at $$34,910.$