Question 2 of 2 - /508 1 View Policies Current Attempt In Progress Sweet Inc, a greeting card company, had the following statements prepared as of December 31, 2025. Sweet Inc. Comparative Balance Sheet As of December 31, 2025 and 2024 12/31/25 12/31/24 Cash $6.100 56.900 Accounts receivable 61.900 50,600 Short-term debt investments (available for sale) 34.700 18. 100 Inventory 40,000 59.400 Prepaid rent 5,000 4,000 Equipment 152.800 128,900 Accumulated depreciation- equipment (34.900) (25.100) Copyrights 46.100 50.400 Total assets $311,700 5293.200 Accounts payable $45,800 $40,100 Income Likes payable 3.900 6.000 Salaries and wages payable 8.100 4,000 Short-term loans payable 8.100 10,100 Long-term loans payable 59.900 69/400 Common stock, $10 par 100,000 100,000 Paid-in capital, common stock 30,000 30,000 Retained earnings 55.900 33.600 Total liabilities and stockholders' equity $311,700 $293.200Sweet Inc. Income Statement For the Year Ending December 31, 2025 Sales revenue $339,275 Cost of goods sold 174,600 Gross profit 164,675 Operating expenses 120,100 Operating income 44,575 Interest expense $11,200 Gain on sale of equipment 2,000 9,200 Income before tax 35,375 Income tax expense 7,075 Net income $28,300 Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2025. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2025. Prepare a statement of cash flows 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).)SWEET INC. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 $ Adjustments to reconcile net income to V V v v vV eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Anver