The comparative balance sheets for the Teal Mountain Beauty Supply Corporation is presented below:

TEAL MOUNTAIN BEAUTY SUPPLY CORPORATION Comparative Balance Sheets
		Assets		2025			2024
Cash				$55,000			$31,600
Accounts receivable (net)				87,500			65,500
Prepaid insurance				26,200			16,000
Land				18,500			53,500
Equipment				71,200			61,500
Accumulated depreciation—equipment				(18,700)			(12,700)
Total assets				$239,700			$215,400
Liabilities and Stockholders' Equity
Accounts payable				$18,800			$7,300
Bonds payable				25,900			15,700
Common stock				142,000			115,000
Retained earnings				53,000			77,400
Total liabilities and stockholder's equity				$239,700			$215,400

Additional information:
1.		Net loss for 2025 is $12,000. Net sales for 2025 are $270,000.
2.		Cash dividends of $12,400 were declared and paid in 2025.
3.		Land was sold for cash at a loss of $3,500. This was the only land transaction during the year.
4.		Equipment with a cost of $17,300 and accumulated depreciation of $11,200 was sold for $6,100 cash.
5.		$13,000 of bonds were retired during the year at carrying (book) value.
6.		Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $27,000.

Prepare a statement of cash flows for the year ended December 31, 2025 using the indirect method.