Presented below is information from the Balance Sheet for Ac…
Presented below is information from the Balance Sheet for Accounting Corporation as of December 31, 2025. 2025 2024 Change Cash $ 37,000 $ 31,000 6,000 Accounts Receivable (net) 80,000 60,000 20,000 Prepaid insurance 22,000 17,000 5,000 Land 18,000 40,000 (22,000) Equipment 70,000 60,000 10,000 Accumulated Depreciation-equipment (20,000) (13,000) 7,000 Accounts Payable 12,000 6,000 6,000 Bonds Payable 27,000 19,000 8,000 Common stock, $1 par 140,000 115,000 25,000 Retained earnings 28,000 55,000 (27,000) Additional information: Net loss for 2025 is $12,000. Net sales for 2025 are $250,000. Cash dividends of $15,000 were declared and paid in 2025. Land was sold for $20,000 cash.. This was the only land transaction during the year. Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 cash. $12,000 of bonds were retired during the year at carrying (book) value. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $25,000. Depreciation Expense for 2025 was $17,000. Prepare the statement of cash flow for the year ended December 31, 2025, using the indirect method.