The current sections of Nasreen SA’s statements of financial position at December 31, 2024 and 2025, are presented here. Nasreen’s net income for 2025 was €147,000. Depreciation expense was €21,000.

Instructions Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2025, using the indirect method.
Prepare partial statement of cash flows—indirect method.

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Current assets Prepaid expenses Inventory Accounts receivable Cash Total current assets Current liabilities 2025 27,000 158,000 2024 25,000 172,000 79,000 110,000 105,000 99,000 400,000 375,000 Accrued expenses payable 15,000 9,000 Accounts payable Total current liabilities 85,000 100,000 95,000 104,000