Flint Corporation's comparative balance sheets are presented below. Flint Corporation Comparative Balance Sheets December 31 2025...
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Flint Corporation's comparative balance sheets are presented below. Flint Corporation Comparative Balance Sheets December 31 2025 2024 Cash $15,550 $10,800 Accounts receivable 21,200 24,500 Land 22,000 27,900 Buildings 83,000 83,000 Accumulated depreciation-buildings (16,400) (11,700) Total $125,350 $134,500 Accounts payable $12,350 $31,500 Common stock 70,500 64,000 Retained earnings 42,500 39,000 Total $125,350 $134,500 Additional information: 1. Net income was $22,500. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2025. 3. The land was sold for cash of $4,600. Prepare a statement of cash flows for 2025 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).) FLINT CORPORATION Statement of Cash Flows-Indirect Method 0 Adjustments to reconcile net income to 0 eTextbook and Media Compute free cash flow. (Show a negative free cash flow with either a sign eg. -15,000 or in parenthesis eg. (15,000).) Free cash flow $ Flint Corporation's comparative balance sheets are presented below. Flint Corporation Comparative Balance Sheets December 31 2025 2024 Cash $15,550 $10,800 Accounts receivable 21,200 24,500 Land 22,000 27,900 Buildings 83,000 83,000 Accumulated depreciation-buildings (16,400) (11,700) Total $125,350 $134,500 Accounts payable $12,350 $31,500 Common stock 70,500 64,000 Retained earnings 42,500 39,000 Total $125,350 $134,500 Additional information: 1. Net income was $22,500. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2025. 3. The land was sold for cash of $4,600. Prepare a statement of cash flows for 2025 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).) FLINT CORPORATION Statement of Cash Flows-Indirect Method 0 Adjustments to reconcile net income to 0 eTextbook and Media Compute free cash flow. (Show a negative free cash flow with either a sign eg. -15,000 or in parenthesis eg. (15,000).) Free cash flow $
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