Golden Lake Company's comparative balance sheet and additional data are shown below (Click the loon to...

 

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Golden Lake Company's comparative balance sheet and additional data are shown below (Click the loon to view the comparative balance sheet) (Click the icon to view the additional data) Requirement Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty, do not select a label or enter a zoro.) Current Assets: Golden Lake Company Comparative Balance Sheet December 31, 2025 and 2024 Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment: Land Building Assets 2025 1,870,880 $ 30,000 3,300 1,100 110 0 2024 19,320 7,900 0 400 1,400 400,000 100,000 771,000 121,000 Canoes Office Furniture and Equipment Accumulated Depreciation-PP&E Total Assets Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue Long-Term Liabilities: Notes Payable Liabilities I $ $ 14,400 120,000 (31,570) 3,179,220 $ 6,920 $ 830 520 3,500 18,000 180 750 8,160 14,400 0 (2,030) 262,390 4,040 280 320 1,400 0 80 350 8,160 Mortgage Payable Bonds Payable Discount on Bonds Payable Total Liabilities Paid-In Capital: Stockholders' Equity Preferred Stock Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 495,000 800,000 (2,400) 1,331,460 200,000 100,000 944,000 350,000 253,760 0 14,630 0 244,000 3,760 1,847,760 247,760 $ 3,179,220 S 262,390 Golden Lake Company's comparative balance sheet and additional data are shown below (Click the loon to view the comparative balance sheet) (Click the icon to view the additional data) Requirement Prepare the statement of cash flows for the year ended December 31, 2025, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty, do not select a label or enter a zoro.) Current Assets: Golden Lake Company Comparative Balance Sheet December 31, 2025 and 2024 Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment: Land Building Assets 2025 1,870,880 $ 30,000 3,300 1,100 110 0 2024 19,320 7,900 0 400 1,400 400,000 100,000 771,000 121,000 Canoes Office Furniture and Equipment Accumulated Depreciation-PP&E Total Assets Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue Long-Term Liabilities: Notes Payable Liabilities I $ $ 14,400 120,000 (31,570) 3,179,220 $ 6,920 $ 830 520 3,500 18,000 180 750 8,160 14,400 0 (2,030) 262,390 4,040 280 320 1,400 0 80 350 8,160 Mortgage Payable Bonds Payable Discount on Bonds Payable Total Liabilities Paid-In Capital: Stockholders' Equity Preferred Stock Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 495,000 800,000 (2,400) 1,331,460 200,000 100,000 944,000 350,000 253,760 0 14,630 0 244,000 3,760 1,847,760 247,760 $ 3,179,220 S 262,390

Answer rating: 100% (QA)

Statement of Cash Flows Golden Lake Company Year Ended December 31 2025 Cash Flow fr... View the full answer