Prepare the operating activities section of the statement of cash flows for the year ended December $31,2025,$ for Culver Company.

using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

CULVER COMPANY

Partial Statement of Cash Flows

For the Year Ended December $31,2025$

Cash Flows from Operating Actlvitles

Adjustments to reconcile net income to

$The income statement of Concord Company is shown below.

CONCORD COMPANY

INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER $31,2020$

Sales revenue

$$6,910,000$

Cost of goods sold

$\backslash$table$[[$Beginning inventory,$$1,920,000$