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SHAMROCK BEAUTY SUPPLY CORPORATION Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income
SHAMROCK BEAUTY SUPPLY CORPORATION Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income / (Loss) $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ Loss on Disposal of Plant Assets Increase in Accounts Receivable Increase in Prepaid Insurance Increase in Accounts Payable The comparative balance sheets for the Shamrock Beauty Supply Corporation is presented be Net Cash Used by Financing Activities Net Cash Provided by Operating Activities Cash Flows from Investing Activities Proceeds from the Sale of Equipment Proceeds from the Sale of Land Net Cash Used by Investing Activities Cash Flows from Financing Activities Retirement of Bonds Payable Payment of Dividends Purchase of Equipment through Issuance of Common Stock Net Cash Used by Financing Activities Additional information: 1. Net loss for 2025 is $13,000. Net sales for 2025 are $280,000. 2. Cash dividends of $19,400 were declared and paid in 2025 . 3. Land was sold for cash at a loss of $3,700. This was the only land transaction during the year. 4. Equipment with a cost of $16,600 and accumulated depreciation of $11,300 was sold for $5,300 cash. 5. $12,300 of bonds were retired during the year at carrying (book) value. 6. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $32,000. Prepare a statement of cash flows for the year ended December 31, 2025 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). Do not leave any answer field blank. enter 0 for amounts.)
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