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The following data are taken from the records of Metlock Company. December 31, December 31, 2025 2024 Cash $15,200 $7,900 Current assets other than cash
The following data are taken from the records of Metlock Company. December 31, December 31, 2025 2024 Cash $15,200 $7,900 Current assets other than cash 85,100 59,700 Long-term debt investments 10,100 53,400 Plant assets 331,700 216,900 $442,100 $337,900 Accumulated depreciation $19,800 $40,400 Current liabilities 40,100 22,100 Bonds payable 74,300 -0- Common stock Retained earnings 56,200 23,700 $442,100 $337,900 Additional information: 1. 2. Held-to-maturity debt securities carried at a cost of $43,300 on December 31, 2024, were sold in 2025 for $34,400. The loss (not unusual) was incorrectly charged directly to Retained Earnings. Plant assets that cost $50,000 and were 80% depreciated were sold during 2025 for $7,900. The loss was incorrectly charged directly to Retained Earnings. 3. Net income as reported on the income statement for the year was $57,300. 4.1 Dividends paid amounted to $13,800. 5. Depreciation charged for the year was $19,400. Prepare a statement of cash flows for the year 2025 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).) METLOCK COMPANY STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 Adjustments to reconcile net income to
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