Sage Company had available at the end of 2025 the following information, Question 2 of 2 110 Faterts Total assets Accountspayable Income taxes payable Salaries and wages payable Short-term notes payable Long-term notes payable Bonds payable Premium on bonds payable Common stock Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity $904,250$859,755 $21,840 4.980 5,040 9,930 59,470 402,840 12,910 238,670 25,070 123,500 $904,250 $31.700 3,960 2,980 9.930 69.590 402.840 15,975 219,730 17,430 85,620 $859,755 Sage Company Income Statement and Dividend Information For the Year Ended December 31, 2025 5 sles reveriue $1,165,110 Question 2 of 2 /10 \begin{tabular}{lc|} \hline \multicolumn{2}{|c|}{ Fointerearanuedvesemutars,zuzs } \\ Sales revenue & $1,165,110 \\ Cost of goods sold & 740,980 \\ Gross margin & 424,130 \end{tabular} Operating expenses Selling expenses Administrative expenses Depreciation/Amortization expense Total operating expenses Income from operations Other revenues/expenses Gain on sale of land Gain on sale of short-term imvestment Dividend revenue Interest expense Income before taxes Income tax expense $79,930 157.160 38,110 148,930275,200 8,010 3,960 2,390 (51.450)=111.840(37.090) 39,330 Matincome 22510 Prepare a statement of cash flows for Sage Company using the direct method accompanied by a reconciliation schequle. Assume the short-term investments are debt securities, classified as available-for-sale. (Show amounts in the investing and financing sections that decrease cash flow with either a-sign es. 15,000 or in parenthesis es. (15,000)) Question 2 of 2 110 Cash receipts: Cash Received from Customers $ Dividends Received 5 Cash payments: Cash Paid to Suppliers Cash Paid for Operating Expenses Cash Paid for interest Cash Pald for Taxes Net Cash Provided by Operating Activities $ Cash Flows from Investing Activities Question 2 of 2 /10i Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Short-term investments Sale of land Purchase of Equipment Net Cash Used by Investing Activities Cash Flows from Financing Activities Proceeds from Issuance of Common Stock Principal Payment on Long-Term Debt Dividends Pald Net Cash Used by Financine Activities Net Increase in Cash (Show arnounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000) ) Question 2 of 2 110 DepreciationAmortization Expense Gain on Sale of Land Gain on Sale of Short-term Investments increase in lsventory Decresse in Prepaid Rent Increare in Income Taxes Payable increase in Salaries and Wages Payable Increase in Prepaid insurance increase in supplies Decreave in Accounts Payble Amartiration of Bond Premium Incresie in Accounts fleceivable TotalAdicstments Question 2 of 2 110 Increake in Income Taxes Payable Increase in Salaries and Wages Payable Increase in Prepaid Insurance Increase in Supplies Decrease in Accounts Payable Amortization of Bond Premium Increase in Accounts Receivable Total Adjustments Net Cash Provided by Operating Activities 5 Save for Later Last saved 1 second ago. Attempts: 0 of 3 used Using multiple attempts will impact your score. 1096 score reduction after attempt 2
