The comparative balance sheets of Constantine Cavamanlis Inc. at the beginning and the end of the year 2025 are as follows.

Net income of $44,000 was reported, and dividends of $23,000 were paid in 2025. New equipment was purchased and none was sold.

InstructionsPrepare a statement of cash flows for the year 2025.

Transcribed Image Text:

Assets Cash Accounts receivable Equipment Less: Accumulated Constantine Cavamanlis Inc. Balance Sheets depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total Dec. 31, 2025 $ 45,000 91,000 39,000 17,000 $158,000 $ 20,000 100,000 38,000 $158,000 Jan. 1, 2025 $ 13,000 88,000 22,000 11,000 $112,000 $ 15,000 80,000 17,000 $112,000 Inc./Dec. $32,000 Inc. 3,000 Inc. 17,000 Inc. 6,000 Inc. $5,000 Inc. 20,000 Inc. 21,000 Inc.