The following are comparative balance sheets for Teal Company. Sale of Land 0 Purchase of Equipment Cash Flows from Financine, Activities Hsuance of Common 5tock e Redemption of Boods Payment of Cach Dividends Net Cash Used by Financing Activities o Net increase in Cash Cashat Beginning of Period 0 Cashat End ol Period 0 5 eTextbook and Media For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income s 204600 Adjustments to reconcile net income to Cash Flows from Operating Activities Depreciation Expense Increase in Accounts Receivable o Decresse in Imventory Dectease in Accounts Pryable Dectease in Accounts Pryable $ 74800 \begin{tabular}{|r|} \hline 26400 \\ \hline \\ \hline 48400 \\ \hline \\ \hline \end{tabular} Sale of Land Purchne of Equipment Additional information: 1. Net income for 2025 was $204,600 2. Depreciation expense was $74,800. 3. Cash dividends of $85,800 were declared and paid. 4. Bonds payable with a carrying value of $110,000 were redeemed for $110,000 cash. 5. Commonstock was issued at par for $92,400 cash. 6. No equipment was sold during 2025 . 7. Land was sold for its book value: Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 45,000 , or in parenthesis e.s. (45,000))