$1.$ Smithson, Inc. haBcs assembled the following data for the year ended December $31,2025$ :

View the current accounts.

View the transaction data.

Prepare Smithson, Inc.$\text{'}$s statement of cash flows using the indirect method. Include an accompanying schedule of non$-$cash investing and financing activities enter a zero.$)$

$\backslash$table$[[$Smithson$,$ Inc.$],[$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:$],[],[],[]]$

Net Cash Provided by $($Used for$)$ Operating Activities

Current Accounts

Cash Flows from Investing Activities:

Transaction Data

$\backslash$table$[[$Transaction Data for $2025$:$,,,],[$Issuance of common stock for cash,$$37,000,$Payment of notes payable,$$45,100$