Teal Corporation$$s comparative balance sheets are as follows.

Teal Corporation Comparative Balance Sheets December $31$

Cash $$12,200$ Accounts receivable $25,100$ Investments $20,100$ Equipment $66,400$

$$17,40022,00015,40076,500$

$(10,000)$ $$121,300$

$$11,50031,00048,00030,800$

$$121,300$

Accumulated depreciation$$equipment Total

Accounts payable Bonds payable Common stock Retained earnings

Total

Additional information:

$(14,600)$ $$109,200$

$$15,50011,00051,00031,700$

$$109,200$

$2025$

$2024$

$1.$ Net income was $$17,800.$ Dividends declared and paid were $$16,900.$

$2.$ Equipment which cost $$10,100$ and had accumulated depreciation of $$1,300$ was sold for $$3,500.$

$3.$ No noncash investing and financing activities occurred during $2025.$

$4.$ Bonds were retired at their carrying value.

$($a$)$

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$.(15,000).)$

TEAL CORPORATION

Statement of Cash Flows $$ Indirect Method

Adjustments to reconcile net income to

:

$

$

$

$($b$)$

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