Question
The comparative balance sheets for Acme Company appear below: ACME COMPANY Comparative Balance Sheet Cash Accounts receivable Inventory Prepaid insurance Stock investments Equipment Assets
The comparative balance sheets for Acme Company appear below: ACME COMPANY Comparative Balance Sheet Cash Accounts receivable Inventory Prepaid insurance Stock investments Equipment Assets Dec. 31, 2025 Dec. 31, 2024 $38,000 $13,000 18,000 14,000 25,000 15,000 7,000 9,000 -0. 18.000 60,000 30,000 (18,000) (14,000) $130,000 $85,000 Liabilities and Stockholders' Equity Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable $25,000 $7,000 Bonds payable 37,000 45,000 Common stock 40,000 23,000 Retained earnings 28,000 10,000 Total liabilities and stockholder's equity $130,000 $85,000 Additional information: 1. Net income for the year ending December 31, 2025 was $30,000. 2. Cash dividends of $12,000 were declared and paid during the year. 3. Stock investments on balance sheet that had a book value of $18,000 were sold for $13,000. A. Sales for 2025 are $130,000. ACME COMPANY Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2025 Adjustments to reconcile net income to >
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