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Weston, Inc. has assembled the following data for the year ended December 31, 2025: View the current accounts. View the transaction data. Prepare Weston,
Weston, Inc. has assembled the following data for the year ended December 31, 2025: View the current accounts. View the transaction data. Prepare Weston, Inc.'s statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Weston, Inc. Statement of Cash Flows Year Ended December 31, 2025 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2024 Cash Balance, December 31, 2025 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Current Accounts 2025 2024 Current Assets: Cash $90,200 $20,000 Accounts Receivable Merchandise Inventory 64,600 69,500 86,000 78,000 Current Liabilities: Accounts Payable Income Tax Payable 57,300 55,600 14,500 16,300 Print Done Transaction Data Transaction Data for 2025: Issuance of common stock for cash Depreciation expense $37,000 17,000 Purchase of equipment with cash 68,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash $50,100 49,000 60,000 Acquisition of land by issuing long- term notes payable 114,000 Gain on sale of building 1,500 Book value of building sold 55,000 Net income 71,500 Print Done
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