Sage Ca. reported $148,700 of net income for 2025 . The accountant, in preparing the statement of cash flows, noted the following items occurring during 2025 that might affect cash flows from operating activities. 1. Sage purchased 100 shares of treasury stock at a cost of $20 per share. These shares were then resold at $25 per share. 2. Sage sold 100 shares of iBM common at $200 per share The acquisition cost of these shares was $130 per share. There were no unrealized gains or losses recorded on this imvestment in 2025. 3. Sage revised its estimate for bad debts Before 2025, Sage's bad debt expense was 1% of its receivables in 2025, this percentage was increased to 2% Net accounts receivable decreased by $11,800 during 2025 4. Sage issued 500 shares of its $10 par common stock for a patent. The market price of the shares on the date of the trasaction was $23 per stare. 5. Depreciation expense is $42,400 6. Sage Co. holds 4086 of the Nirvana Company's common stock as a iong term imvestment. Nirvana Company reported $25,400 of net income for 2025 . 7. Nirvana Company paid a total of $1,900 of cash dividends to all imvestees in 2025 . 8. Sage declared a 10$ stock dividend. One thousand shares of $10 par common stock were distributed. The market price at date of issuancewas $20 per share. Preparea schedule that shows the net cash flow from operating activities usins the indirect method. Assume no items other than those listed above affected the computation of 2025 net cash flow from operating activities. (Show amounts that decrease cosh flow with either a-stgneg- 15,000 or in parenthesises, (15,000)) SAGE CO. Statement of Cash Flows (Partlal) 5 Adjustments to reconcile net income to 3 15 Survefot latar Altemypts: unlimited sithmit Anower