Additional information:

Current Attempt in Progress

Condensed financial data of Flounder Company for $2025$ and $2024$ are presented below.

Additional information:

During the year, $\backslash (\backslash$$ $60\backslash )$ of common stock was issued in exchange for plant assets. No plant assets were sold in $2025.$

Prepare a statement of cash flows using the direct method. $($Do not prepare a reconciliation schedule$)($Show amounts in the investing and financing sections that decrease cash flow with either a $-$ sign eg$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

FLOUNDER COMPANY STATEMENT OF CASH FLOWS

$($Direct Method$)$