Tree Top Company's comparative balance sheet and additional data are shown below. Question Viewer to view...

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Tree Top Company's comparative balance sheet and additional data are shown below. Question Viewer to view the comparative balance sheet.) Requirement (Click the icon to view the additional data.) Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label enter a zero.) Tree Top Company Data table More info 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: Tree Top Company Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash $ 1,555,980 $ 14,250 Short-term Investments, net Accounts Receivable, net Merchandise Inventory 27,000 0 2,200 6.500 1,100 0 6. The cash receipt from the notes payable in 2025 is considered activity because it does not relate to operations. 1. The income statement for 2025 included the following items: a. Net income, $444,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $320. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $1,100,000, receiving cash of $1,096,800. 4. The company distributed 1,000 shares of common stock in a stock dividend when the market value was $5.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. financing Office Supplies 130 150 Prepaid Rent 0 3,800 Property, Plant, and Equipment: Land 300.000 Building 746,000 100,000 321,000 Print Done Canoes 15,840 15,840 Office Furniture and Equipment 80,000 0 (26,460) (1,800) Accumulated Depreciation-PP&E 2,701,790 $ 459,740 Total Assets Net Cash Provided by (Used for) Operating Activities Liabilities Current Liabilities: Accounts Payable Utilities Payable $ 9,740 $ 6,860 770 220 Telephone Payable Wages Payable 610 310 2,850 750 Notes Payable 14,000 0 Interest Payable 610 110 Unearned Revenue 1,150 550 Long-Term Liabilities: Notes Payable 7,680 7,680 Mortgage Payable 225,000 0 Bonds Payable 1,100,000 0 Discount on Bonds Payable (2,880) Tree Top Company's comparative balance sheet and additional data are shown below. Question Viewer to view the comparative balance sheet.) Requirement (Click the icon to view the additional data.) Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label enter a zero.) Tree Top Company Data table More info 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: Tree Top Company Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash $ 1,555,980 $ 14,250 Short-term Investments, net Accounts Receivable, net Merchandise Inventory 27,000 0 2,200 6.500 1,100 0 6. The cash receipt from the notes payable in 2025 is considered activity because it does not relate to operations. 1. The income statement for 2025 included the following items: a. Net income, $444,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $320. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $1,100,000, receiving cash of $1,096,800. 4. The company distributed 1,000 shares of common stock in a stock dividend when the market value was $5.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. financing Office Supplies 130 150 Prepaid Rent 0 3,800 Property, Plant, and Equipment: Land 300.000 Building 746,000 100,000 321,000 Print Done Canoes 15,840 15,840 Office Furniture and Equipment 80,000 0 (26,460) (1,800) Accumulated Depreciation-PP&E 2,701,790 $ 459,740 Total Assets Net Cash Provided by (Used for) Operating Activities Liabilities Current Liabilities: Accounts Payable Utilities Payable $ 9,740 $ 6,860 770 220 Telephone Payable Wages Payable 610 310 2,850 750 Notes Payable 14,000 0 Interest Payable 610 110 Unearned Revenue 1,150 550 Long-Term Liabilities: Notes Payable 7,680 7,680 Mortgage Payable 225,000 0 Bonds Payable 1,100,000 0 Discount on Bonds Payable (2,880)