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The comparative balance sheets for Marin Corporation show the following information Cash Accounts receivable Inventory Available-for-sale debt investments Buildings Equipment Patents December 31 2025
The comparative balance sheets for Marin Corporation show the following information Cash Accounts receivable Inventory Available-for-sale debt investments Buildings Equipment Patents December 31 2025 2024 $33,300 $12.900 12.200 10,000 11.900 9,000 -0- -0- 2.900 29,800 44,900 20,100 5,000 6.300 $107,300 $91,000 Allowance for doubtful accounts $3,000 $4,500 Accumulated depreciation-equipment 2,000 4,400 Accumulated depreciation-building -0- 6.000 Accounts payable 5,000 2,900 Dividends payable -0- 4,900 Notes payable, short-term (nontrade) 3,000 4,000 Long-term notes payable 31,000 25,000 Common stock 43,000 33,000 Retained earnings 20.300 6.300 $107,300 $91.000 Additional data related to 2025 are as follows L Equipment that had cost $10,900 and was 40% depreciated at time of disposal was sold for $2.600 2 $10,000 of the long-term note payable was paid by issuing common stock 3 Cash dividends paid were $4,900 4 On January 1.2025, the building was completely destroyed by a flood Insurance proceeds on the building were $29.900 (net of $2,100 taxes 50 Debt investments (available-for-sale) were sold at $1,700 above their cost. The company has made similar sales and investments in the past 6 Cash was paid for the acquisition of equipment. 7 A long-term note for $16,000 was issued for the acquisition of equipment interest of $2,100 and income taxes of $6.500 were paid in cash Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign-15.000 or in parenthesis ea (15,000 MARIN CORPORATION Statement of Cash Flows Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign sg-15,000 or in parenthesis eg. (15,000)) Adjustments to reconcile net income to MARIN CORPORATION Statement of Cash Flows
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