Shown below are comparative statements of financial position for Martinez Corporation.

MARTINEZ CORPORATION

Statement of Financial Position

December $31$

Asses $(2025)(2024)$

Cash $$56,200$ $$28,600$

Term deposits $$32,200$ $$0$

Accounts receivable $$110,500$ $$98,800$

Inventory $$221,000$ $$245,700$

Land $$104,000$ $$130,000$

Equipment $$338,000$ $$260,000$

Accumulated Depreciation $-$ equipment $$(85,800)$ $$(41,600)$

Liabilities and Shareholders' Equity

Accounts payable $$50,700$ $$61,100$

Bonds payable $$195,000$ $$260,000$

Common shares $$280,800$ $$226,200$

Retained earnings $$249,600$ $$174,200$

Additional Information:

$1.$ Net income for $2025$ was $$120,900.$ There were no gains or losses reported on the statement of income.

$2.$ Cash dividends of $$45,500$ were declared and paid.

$3.$ Bonds payable amounting to $$65,000$ were redeemed for cash $$65,000.$ The bonds were originally issued at face value $($no premium or discount$).$

$4.$ Common shares were issued for $$54,600$ cash.

$5.$ No land was purchased during $2025.$

$6.$ No equipment was disposed of during $2025.$

Prepare a statement of cash flows for $2025$ using the indirect method