Additional data: $($b$)$

Prepare a statement of cash flows using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

TEAL COMPANY

Statement of Cash Flows

For the Year Ended December $31,2025$

Cash Flows from Operating Activities

Net Income

Adjustments to reconcile net income to

Net Cash Provided by Operating Activities

Depreciation Expense

Gain on Sale of Investments

Loss on Sale of Equipment

Increase in Accounts Receivable $($Net$)$

Increase in Inventory

Increase in Accounts Payable

Increase in Income Taxes Payable

Net Cash Provided by Operating Activities

Cash Flows from Investing Activities

Purchase of Investments

Purchase of Equipment

Sale of Investments

Sale of Equipment

Net Cash Provided by Investing Activities

Net Cash Provided by Financing Activities

Payment of Long$-$Term Notes Payable

Cash Dividends Paid

Issuance of Common Stock

Net Cash Used by Financing Activities

Net Increase in Cash

Cash, January $1,2025$

Cash, December $31,2025$

Noncash Investing and Financing Activities

Equipment that cost $$9,900$ and was $60\%$ depreciated was sold in $2025.$

Cash dividends were declared and paid during the year.

Common stock was issued in exchange for land.

Debt investments that cost $$35,200$ were sold during the year.

There were no write$-$offs of uncollectible accounts during the year.

Teal's $2025$ income statement is as follows.

$($a$)$

Your answer is incorrect.

Compute net cash provided by operating activities under the direct method. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$