Additional Information for $2025$:

Land $of$ $$820,000$ was obtained $by$ issuing a note payable $to$ the seller.

Buildings $of$ $$896,000$ and equipment $of$ $$38,960$ were purchased using cash.

Monthly payments during the year reduced notes payable $by$ $$10,033.$

Issued common stock for $$1,320,000.$

Purchased $13,200$ shares $of$ treasury stock for $$31$ per share.

Sold $7,200$ shares $of$ treasury stock $at$ $$32$ per share.

Declared and paid a cash dividend $of$ $$15,240.$

Required:

Prepare the statement $of$ cash flows for the year ended December $31,2025,$ using the indirect method. $(Amountstobe$ deducted,

cash outflows, and any decrease $in$ cash should $be$ indicated with a minus sign.$)$

Adjustments $to$ reconcile net income $to$ net cash

flows from operating activities: $\begin{array}{cc}\text{N}\text{e}\text{t}\text{c}\text{a}\text{s}\text{h}\text{f}\text{l}\text{o}\text{w}\text{f}\text{r}\text{o}\text{m}\text{o}\text{p}\text{e}\text{r}\text{a}\text{t}\text{i}\text{n}\text{g}\text{a}\text{c}\text{t}\text{i}\text{v}\text{i}\text{t}\text{i}\text{e}\text{s}& ?\\ ?& \text{C}\text{a}\text{s}\text{h}\text{F}\text{l}\text{o}\text{w}\text{s}\text{f}\text{r}\text{o}\text{m}\text{I}\text{n}\text{v}\text{e}\text{s}\text{t}\text{i}\text{n}\text{g}\text{A}\text{c}\text{t}\text{i}\text{v}\text{i}\text{t}\text{i}\text{e}\text{s}\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{N}\text{e}\text{t}\text{c}\text{a}\text{s}\text{h}\text{f}\text{l}\text{o}\text{w}\text{f}\text{r}\text{o}\text{m}\text{i}\text{n}\text{v}\text{e}\text{s}\text{t}\text{i}\text{n}\text{g}\text{a}\text{c}\text{t}\text{i}\text{v}\text{i}\text{t}\text{i}\text{e}\text{s}& ?\\ ?& \text{C}\text{a}\text{s}\text{h}\text{F}\text{l}\text{o}\text{w}\text{s}\text{f}\text{r}\text{o}\text{m}\text{F}\text{i}\text{n}\text{a}\text{n}\text{c}\text{i}\text{n}\text{g}\text{A}\text{c}\text{t}\text{i}\text{v}\text{i}\text{t}\text{i}\text{e}\text{s}\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ ?& ?\\ \text{N}\text{e}\text{t}\text{c}\text{a}\text{s}\text{h}\text{f}\text{l}\text{o}\text{w}\text{s}\text{f}\text{r}\text{o}\text{m}\text{f}\text{i}\text{n}\text{a}\text{n}\text{c}\text{i}\text{n}\text{g}\text{a}\text{c}\text{t}\text{i}\text{v}\text{i}\text{t}\text{i}\text{e}\text{s}& ?\\ ?& ?\\ ?& ?\\ \text{C}\text{a}\text{s}\text{h}at\text{t}\text{h}\text{e}\text{b}\text{e}\text{g}\text{i}\text{n}\text{n}\text{i}\text{n}\text{g}of\text{t}\text{h}\text{e}\text{p}\text{e}\text{r}\text{i}\text{o}\text{d}& ?\\ ?& \text{C}\text{a}\text{s}\text{h}at\text{t}\text{h}\text{e}\text{e}\text{n}\text{d}of\text{t}\text{h}\text{e}\text{p}\text{e}\text{r}\text{i}\text{o}\text{d}\\ ?& ?\\ \text{N}\text{o}\text{t}\text{e}\text{:}\text{N}\text{o}\text{n}\text{c}\text{a}\text{s}\text{h}\text{A}\text{c}\text{t}\text{i}\text{v}\text{i}\text{t}\text{i}\text{e}\text{s}& ?\\ ?& ?\\ ?& ?\end{array}$