Shamrock Company has not yet prepared a statement of cash flows for the 2025 fiscal year. Comparative balance sheets as of December 31, 2024 and 2025, and a statement of income and retained earnings for the year ended December 31, 2025, are presented as follows: \begin{tabular}{|c|c|} \hline Interest & 2,150 \\ \hline Income before income taxes & 1,660 \\ \hline Income taxes & 830 \\ \hline Net income & 830 \\ \hline \multirow[t]{2}{*}{ Retained earnings-Jan. 1, 2025} & 350 \\ \hline & 1,180 \\ \hline Stock dividend declared and issued & 650 \\ \hline Retained earnings-Dec. 31, 2025 & $530 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \begin{tabular}{l} Shamrock Company \\ Comparative Balance Sheets \\ As of December 31 \\ (\$000 omitted) \end{tabular} & & \\ \hline Assets & 2025 & 2024 \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & $341 & $190 \\ \hline U.S. Treasury notes (available-for-sale) & 10 & 50 \\ \hline Accounts receivable & 780 & 480 \\ \hline Inventory & 740 & 550 \\ \hline Total current assets & 1,871 & 1,270 \\ \hline \multicolumn{3}{|l|}{ Long-term assets } \\ \hline Land & 150 & 70 \\ \hline Buildings and equipment & 900 & 610 \\ \hline Accumulated depreciation-buildings and equipment & (200) & (120) \\ \hline Patents (less amortization) & 110 & 130 \\ \hline \end{tabular} Patents (less amortization) Total long-term assets Total assets $2,831960110690130$1,960 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Notes payable Total current liabilities Long-term notes payable-due 2027 Total liabilities Stockholders' equity Common stock Retained earnings \begin{tabular}{rrr} $384 & & $350 \\ 37 & & 30 \\ 310 & & 310 \\ \hline 731 & 690 \\ 220 & & 220 \\ \hline 951 & 910 \\ \hline \end{tabular} Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $2,8311,8805301,050350 Prepare a statement of cash flows using the direct method. Changes in accounts receivable and accounts payable relate to sales and cost of goods sold. Do not prepare a reconciliation schedule. (Show amounts in the investing and financing sections that decrease cash flow with either a-signes. 15,000 or in parenthesis es. (15,000). Enter amounts in thousands) Statement of Cash Hows Cash, January 1, 2025 Cash, December 31, 2025 Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash (\$000 Omitted) Cash Payment for Merchandise Cash Payment for Salaries and Benefits Cash Payment for Heat, Light, and Power Cash Payment for Property Taxes Cash Payment for Interest Cash Payment for Miscellaneous Cash Payment for Income Taxes Cash Receipts from Customers Purchase of Buildings and Equipment Purchase of Land Sale of Investments (\$000 Omitted) $ Cash Payment for Merchandise Cash Payment for Salaries and Benefits Cash Payment for Heat, Light, and Power Cash Payment for Property Taxes Cash Payment for Interest Cash Payment for Miscellaneous Cash Payment for Income Taxes Cash Receipts from Customers Purchase of Buildings and Equipment Purchase of Land Sale of Investments
