The comparative balance sheets of Kingbird Inc. at the beginning and the end of the year...
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The comparative balance sheets of Kingbird Inc. at the beginning and the end of the year 2025 are as follows. Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Kingbird Inc. Balance Sheets Dec. 31, 2025 Jan. 1, 2025 Inc./Dec. $44,100 $ 12,740 $31,360 Inc. 89,180 86,240 2,940 Inc. 38,220 21,560 16,660 Inc. 16,660 10,780 5,880 Inc. $154,840 $109,760 Total Liabilities and Stockholders' Equity. Accounts payable $ 19,600 $ 14,700 $ 4,900 Inc. Common stock 98,000 78,400 19,600 Inc. Retained earnings 37,240 16,660 20,580 Inc. Total $154,840 $109,760 Net income of $43,120 was reported, and dividends of $22,540 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 e.g. -15,000 or in parenthesis e.g. (15,000).) The comparative balance sheets of Kingbird Inc. at the beginning and the end of the year 2025 are as follows. Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Kingbird Inc. Balance Sheets Dec. 31, 2025 Jan. 1, 2025 Inc./Dec. $44,100 $ 12,740 $31,360 Inc. 89,180 86,240 2,940 Inc. 38,220 21,560 16,660 Inc. 16,660 10,780 5,880 Inc. $154,840 $109,760 Total Liabilities and Stockholders' Equity. Accounts payable $ 19,600 $ 14,700 $ 4,900 Inc. Common stock 98,000 78,400 19,600 Inc. Retained earnings 37,240 16,660 20,580 Inc. Total $154,840 $109,760 Net income of $43,120 was reported, and dividends of $22,540 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 e.g. -15,000 or in parenthesis e.g. (15,000).)
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