Monty, Inc. has prepared the following comparative balance sheets for 2024 and 2025: Cash Accounts receivable...

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Monty, Inc. has prepared the following comparative balance sheets for 2024 and 2025: Cash Accounts receivable Inventory Prepaid expenses Plant assets Accumulated depreciation Patents Accounts payable Accrued liabilities Mortgage payable Preferred stock Additional paid-in capital-preferred Common stock Retained earnings 1. 2 2025 $344,040 169,580 183,000 21,960 1.579.900 (549,000) 186,660 $1,936,140 $186,660 73,200 640,500 146,400 732,000 157,380 $1,936,140 2024 $186,660 142,740 219,600 32,940 1,281,000 (457,500) 212,280 $1,617.720 $204,960 51,240 549,000 732,000 80,520 $1,617,720 The Accumulated Depreciation account has been credited only for the depreciation expense for the period. The Retained Earnings account has been charged for dividends of $168,360 and credited for the net income for the year. The income statement for 2025 is as follows: Sales revenue $2,415,600 Cost of sales 1,328,580 Gross profit 1.087,020 Operating expenses 841,800 Net income $245,220 From the information above, prepare a statement of cash flows (indirect method) for Monty, Inc. for the year ended December 31, 2025. (Show amounts that decrease cash flow with either a negative sign e.g. -15,000 or in parenthesis e.g. (15,000).) Monty, Inc. has prepared the following comparative balance sheets for 2024 and 2025: Cash Accounts receivable Inventory Prepaid expenses Plant assets Accumulated depreciation Patents Accounts payable Accrued liabilities Mortgage payable Preferred stock Additional paid-in capital-preferred Common stock Retained earnings 1. 2 2025 $344,040 169,580 183,000 21,960 1.579.900 (549,000) 186,660 $1,936,140 $186,660 73,200 640,500 146,400 732,000 157,380 $1,936,140 2024 $186,660 142,740 219,600 32,940 1,281,000 (457,500) 212,280 $1,617.720 $204,960 51,240 549,000 732,000 80,520 $1,617,720 The Accumulated Depreciation account has been credited only for the depreciation expense for the period. The Retained Earnings account has been charged for dividends of $168,360 and credited for the net income for the year. The income statement for 2025 is as follows: Sales revenue $2,415,600 Cost of sales 1,328,580 Gross profit 1.087,020 Operating expenses 841,800 Net income $245,220 From the information above, prepare a statement of cash flows (indirect method) for Monty, Inc. for the year ended December 31, 2025. (Show amounts that decrease cash flow with either a negative sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answer rating: 100% (QA)

Statement of Cash Flows Monty Inc Statement of Cash Flows For the Year Ended December 31 2025 Cash F... View the full answer