Presented here are the financial statements of Martinez Company. Martinez Company Comparative Balance Sheets December 31 MARTINEZ COMPANY Statement of Cash Flows - Indirect Method For the Year Ended December 31,2025 Cash fiows from Operating Activites Netincome $ 83200 Adjustments to reconcile net income to Net Cash Provided by Investing Activities Depreciation Expense: $ 47700 Purchase of Land 7 Payment of Dividends 61920 Additional data: 1. Depreciation expense was $45,500 2. Dividends declared and paid were $52,000, 3. During the year, equipment was sold for $22,100 cpsh, This equipment origiosily cost $46,800 and tuad accumula depreciation of $24,700 at the time of sale. 4. Bonds were redeemed at their catrying yalue 5. Common stockwas issued at par for cash