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The comparative balance sheets of Flounder Inc. at the beginning and the end of the year 2025 are as follows. Flounder Inc. Balance Sheets
The comparative balance sheets of Flounder Inc. at the beginning and the end of the year 2025 are as follows. Flounder Inc. Balance Sheets Assets Cash Accounts receivable. Equipment Less: Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity. Accounts payable Common stock Retained earnings Dec. 31, 2025 $ 36,000 72,800 31,200 13,600 $126,400 $ 16,000 80,000 30,400 Jan. 1, 2025 $ 10,400 70,400 17,600 8,800 $89,600 $ 12,000 64,000 13.600 Inc./Dec. $25,600 Inc. 2,400 Inc. 13,600 Inc. 4,800 Inc. $4,000 Inc. 16,000 Inc. 16,800 Inc. Total $126,400 $89,600 Net income of $35.200 was reported, and dividends of $18,400 were paid in 2025. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2025. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000))
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