Prepare a statement of cash flows using the indirect method

Comparative balance sheet accounts of Sweet Company are presented below. Sweet Company Comparative Balance Sheet Accounts As of December 31 Additional data: Debit Balances Cash Accounts Receivable Inventory Debt Investments (available-for-sale) Equipment Buildings Land Totals Credit Balances Allowance for Doubtful Accounts Accumulated DepreciationEquipment Accumulated DepreciationBuildings Accounts Payable Income Taxes Payable Long-Term Notes Payable Common Stock Retained Earnings Totals 2025 $69,300 154,900 75,600 54,500 70,600 146,000 40,200 $611,100 $10,100 20,900 37,300 66,100 12,100 62,000 310,000 92,600 $611,100 2024 $51,100 130,000 60,700 85,100 48,100 146,000 24,700 $545.700 $7,900 13,900 28,200 60,600 10,000 70,000 260,000 95,100 $545,700 4. Equipment that cost $9,900 and was 60% depreciated was sold in 2025. Cash dividends were declared and paid during the year. Common stock was issued in exchange for land. Debt investments that cost $34,700 were sold during the year. There were no write-offs of uncollectible accounts during the year. Sweet's 2025 income statement is as follows. Sales revenue Less: Cost of goods sold Gross proft Less: Operating expenses (includes depreciation expense and bad debt expense) Income from operations Other revenues and expenses Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $15,100 (3,000) $952,300 604,800 347,500 247,700 12,100 111,900 44,500 $67,400