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ssented below. Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2025.

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ssented below. Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2025. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cosh flow with either asignes15,000 or in porenthesis es (15,000). CULVER COMPANY STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 (Indirect Method) Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Noncash Investing and Financing Activities Depreciation Expense $ Gain on Sale of Investments Increase in Accounts Receivable Decrease in inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Plant Assets Sale of Investments Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock for Plant Assets Payment of Cash Dividends Redemption of Bonds Payable Net Cash Provided by Financing Activities Payment of Cash Dividends Redemption of Bonds Payable Net Cash Provided by Financing Activities Net Increase in Cash Cash, January 1, 2025 Cash, December 31,2025

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