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Please Solve this Martinez Inc had the following balance sheet at December 31, 2024. During 2025, the following occurred. 1. Martinez Inc, sold part of
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Martinez Inc had the following balance sheet at December 31, 2024. During 2025, the following occurred. 1. Martinez Inc, sold part of its debt investment portfolio for $17,060. This transaction resulted in a gain of $5,460 for the firm. The company classifies these investments as available-for-sale. 2. A tract of land was purchased for $16,760cash. 3. Lonz-term notes payable in the amount of $18,060 were ratired before maturity by paying $18,060 cash. 4. An additional $22,060 in common stock was issued at par. 5. Dividends of $10,260 were declared and paid to stockholders. 6. Nat income for 2025 was $35,760 after allowing for depreciation of $13,060. 7. Land was purchased through the issuance of $39,760 in bonds. 8. At December 31, 2025, Cash was $40,760, Accounts Receivable was $45,360, and Accounts Payable remained at $33,760. (a) Prepare astatement of ezsh fiovis for 2025. IShow amounts that decreose cash flow with either 2igngg15,000 or in purenthesis eg (15,000)] (b) caly and do not provile the descriptive information provided in the question) MARTXEAINE, Dalance theot Asseta Irinusa isral I. Wailitietu atud stomelineldert I quity 1. 1)Step by Step Solution
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