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Martinez Company reported net income of $$194,740$ for $2025.$ Martinez also reported depreciation expense of $$36,900$ and a loss of $$5,030$ on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $$15,650$ for the year, a $$15,880$ increase in accounts payable, and a $$4,250$ increase in prepaid expenses.

Prepare the operating activities section of the statement of cash flows for $2025.$ Use the indirect method. $($Show amounts that decrease cash flow with either $a-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

MARTINEZ COMPANY

Statement of Cash Flows $($Partial$)-$ Indirect Method

$$ $

Adjustments to reconcile net income to