Shown below are comparative statements of financial position for Monty Corporation. MONTY CORPORATION Statement of Financial Position December 31 Assets 2025 2024 Cash $39,260 $22,440 Term deposits 30,100 0 Accounts receivable 86,700 77,520 Inventory 173,400 192,780 Land 81,600 102,000 Equipment 265,200 204,000 Accumulated depreciation - equipment (67,320) (32,640) $608,940 $566,100 Liabilities and Shareholders' Equity Accounts payable $39,780 $47,940 Bonds payable 153,000 204,000 Common shares 220,320 177,480 Retained earnings 195,840 136,680 $608,940 $566,100 Additional information: 1. Net income for 2025 was $94,860. There were no gains or losses reported on the statement of income. 2. Cash dividends of $35,700 were declared and paid. 3. Bonds payable amounting to $51,000 were redeemed for cash $51,000. The bonds were originally issued at face value (no premium or discount). 4. Common shares were issued for $42,840 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. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to MONTY CORPORATION Statement of Cash Flows