Prepare a statement of cash flows using the indirect method.

Condensed financial data of Teal Inc. follow. Teal Inc. Comparative Balance Sheets December 31 \begin{tabular}{|c|c|c|} \hline \multirow[b]{2}{*}{ Assets } & 2025 & 2024 \\ \hline & & \\ \hline Cash & $177,760 & $106,480 \\ \hline Accounts receivable & 193,160 & 83,600 \\ \hline Inventory & 247,500 & 226,270 \\ \hline Prepaid expenses & 62,480 & 57,200 \\ \hline Long-term investments & 303,600 & 239,800 \\ \hline Plant assets & 627,000 & 533,500 \\ \hline Accumulated depreciation & (110,000) & (114,400) \\ \hline Total & $1,501,500 & $1,132,450 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Liabilities and Stockholders' Equity & & \\ \hline Accounts payable & $224,400 & $148,060 \\ \hline Accrued expenses payable & 36,300 & 46,200 \\ \hline Bonds payable & 242,000 & 321,200 \\ \hline Common stock & 484,000 & 385,000 \\ \hline Retained earnings & 514,800 & 231,990 \\ \hline Total & $1,501,500 & $1,132,450 \\ \hline \end{tabular} Additional information: 1. New plant assets costing $220,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $126,500 and accumulated depreciation of $106,700 were sold for $3,300 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $57,266 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. TEAL INC. Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ Increase in Accounts Receivable Increase in Inventory Increase in Accounts Payable Increase in Prepaid Expenses Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Treasurv Stock Purchase of Investments Purchase of Plant Assets Net Cash Used by Investing Activities Cash Flows from Financing Activities Sale of Plant Assets Purchase of Plant Assets Purchase of Treasurv Stock Net Cash Used by Financing Activities Cash at Beginning of Period Cash at End of Period Cash Flows from Operating Activities $