Sheffield Mining Co$.$ has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is INCOMESTATEMENT

For the Year Ended December $31,2025$

The following additional data were provided:

Dividends for the year $2025$ were $$216000.$

During the year, equipment was sold for $$239000.$ This equipment cost $$352000$ originally and had a book value of $$289000$ at

the time of sale. The loss on sale was incorrectly charged to cost of sales.

All depreciation expense is in the selling expense category. The net cash provided by operating activities is

$$261000.$

$$311000.$

$$222000.$

$$430000.$

anxious to have prepared is a statement of cash flows. Financial statements for $2025$ are provided below.