Points: 0 of 1 Save Canyon Canoe Company's comparative balance sheet and additional data are shown below (Click the icon to view the comparative balance sheet) Requirement (Click the icon to view the additional data) 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 i the box empty, do not select a label or enter a zero) uted in the stament leave Increase in Short term Investments Decrease in Office Supplies Decrease in Accounts Receivable Increase in Telephone Payable Increase in Wages Payable Increase in Interest Payable Increase in Unoamed Revenue increase in Utities Payable increase in Merchandise Inventory Decrease in Prepaid Rent Increase in Accounts Payable Net Cash Provided by (Used for) Operating Activities (23040) 105 5.176 Help me solve this Etext pages Calculator Clear all Final check 858 AM Canyon Canoe Company Comparative Balance Sheet December 31, 2025 and 2024 Assets 2025 2024 Current Assets: Cash $ 523,693 $ 12,125 Short-term Investments, net 23,840 0 Accounts Receivable, net 2,422 7,600 355 0 Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment: 60 165 0 2,000 Print Done X I Data table d ad E) Property, Plant, and Equipment: ecem Land 155,000 85,000 Building 610,000 35,000 Canoes 12,000 12,000 Office Furniture and Equipment 150,000 0 Accumulated Depreciation-PP&E (35,180) (850) 1,442,190 $ 153,040 Total Assets Liabilities Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable 5,195 $ 3,050 745 295 700 325 4,250 1,250- ance sheet and ad Dalance sheet.) Data table Liabilities - wear ended Decen a zero.) Current Liabilities: Accounts Payable ec $ 5,195 $ 3,050 Utilities Payable Telephone Payable Wages Payable 745 295 700 325 4,250 1,250 Notes Payable 15,000 0 Interest Payable 350 50 Unearned Revenue 500 350 Long-Term Liabilities: Notes Payable 7.200 7,200 Mortgage Payables 405,000 0 210,000 0 Bonds Payable Activities Print Done Data table et and ad heet.) ed Decen - X 4 Long-Term Liabilities: Notes Payable Mortgage Payable 7,200 7,200 405,000 0 Bonds Payable 210,000 0 Discount on Bonds Payable (1,270) 0 Total Liabilities 647,670 12,520 Stockholders' Equity Paid-In Capital: Preferred Stock 60,000 0 Paid-In Capital in Excess of Par-Preferred 10,000 Common Stock 186,000 136,000 Paid-In Capital in Excess of Par-Common 150,000 388,520 4,520 Retained Earnings Data table ce sheet and ad ance sheet.) ar ended Decen zero.) tivities mortgage ayadic Bonds Payable 210,000 0 Discount on Bonds Payable (1,270) 0 Total Liabilities 647,670 12,520 Stockholders' Equity Paid-In Capital: Preferred Stock 60,000 0 Paid-In Capital in Excess of Par-Preferred 10,000 0 Common Stock 186,000 136,000 Paid-In Capital in Excess of Par-Common 150,000 0 388,520 4,520 Retained Earnings 794,520 140,520 Total Stockholders' Equity $ 1,442,190 $ 153,040 Total Liabilities and Stockholders' Equity Print Done - sheet and add ce sheet.) More info ended Decem To.) 1. The income statement for 2025 included the following items: a. Net income, $417,000 b. Depreciation expense for the year, $34,330. c. Amortization on the bonds payable, $254. 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 $210,000, receiving cash of $208,476. 4. The company distributed 4,000 shares of common stock in a stock dividend when the market value was $4.50 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. vities Print Done - X - Canyon Canoe Company's comparative balance sheet and additional data are shown below (Click the icon to view the comparative balance sheet) Requirement (Click the icon to view the additional data) 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 stan the box empty; do not select a label or enter a zero) Canyon Canoe Company Statement of Cash Flows Year Ended December 31, 2025 Cash Flows From Operating Active Net Income Adjustments to Reconcile Net Income to Not Cash Provided by (Used for) Operating Actly Depreciation Expense Amortization Expense Increase in Short- Decrease in Office Supplies Help me solve this Etext pages Calculator 34.330 254 (23.840) 105 Clear all Final check 101 AM V