I need help solving this problem SARASOTA CORP.

COMPARATIVE BALANCE SHEET AS OF DECEMBER $31,2025$ AND $2024$

SARASOTA CORP.

INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER $31,2025$

Sales $\backslash (\backslash$$ $15,300\backslash )$

Cost of goods sold

$10,430$ SARASOTA CORP.

Statement of Cash Flows

For the Year Ended December $31,2025$

$($Direct Method$)$

Cash Paid for Merchandise

Cash Paid for Selling$/$Administrative Expenses

Cash Paid for Income Taxes

Net Cash Provided by Operating Activities

Cash Flows from Investing Activities

Purchase of Plant Assets SARASOTA CORP.

INCOME STATEMENT

FOR THE YEAR ENDED DECEMBER $31,2025$

$\backslash$begin$\{$tabular$\}\{$lr$\}$

Sales & $\backslash (\backslash$$ $15,300\backslash )\backslash \backslash$

Cost of goods sold & $10,430\backslash \backslash$

$\backslash$cline $\{2-2\}$ Gross margin & $4,870\backslash \backslash$

Selling and administrative expenses & $1,225\backslash \backslash$

$\backslash$cline $\{2-2\}$ Income from operations & $3,645$

$\backslash$end$\{$tabular$\}$

Other revenues and gains

$\backslash$begin$\{$tabular$\}\{$lr$\}$

Loss on sale of investments & $\backslash$multicolumn$\{1\}\{$c$\}\{80\}\backslash \backslash$

$\backslash$cline $\{2-2\}$ Income before tax & $3,565\backslash \backslash$

Income tax expense & $1,450\backslash \backslash$

$\backslash$cline $\{2-2\}$ Net income & $2,115\backslash \backslash$

Cash dividends & $600\backslash \backslash$

Income retained in business & $\backslash (\backslash$$ $1,515\backslash )\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

Additional information:

During the year, $\backslash (\backslash$$ $100\backslash )$ of common stock was issued in exchange for land. No plant assets were sold in $2$

Prepare a statement of cash flows using the direct method. $($Show amounts in the investing and financing with either $\backslash ($ a$-\backslash )$ sign e$.$g$.\backslash (-15,000\backslash )$ or in parenthesis e$.$g$.\backslash ((15,000)\backslash )).)$

SARASOTA CORP.

Statement of Cash Flows Question $2$ of $4$

Sale of Investments

Net Cash Provided by Investing Activities

Cash Flows from Financing Activities

Payment of Cash Dividends

Retirement of Bonds Payable

Net Cash Provided by Financing Activities

Cash, January $1,2025$

Noncash Investing and Financing Activities

Issuance of Common Stock for Plant Assets

eTextbook and Media

Last saved $1$ second ago. Sale of Investments

Payment of Cash Dividends

Retirement of Bonds Payable

Net Cash Provided by Financing Activities

Cash Flows from Financing Activities

Cash Flows from Investing Activities

Cash Flows from Operating Activities

Cash, January $1,2025$

Cash, December $31,2025$

Net Cash Provided by Financing Activities

Net Cash Provided by Investing Activities

Net Cash Provided by Operating Activities

Net Cash Used by Financing Activities

Net Cash Used by Investing Activities

Net Cash Used by Operating Activities

Net Decrease in Cash

Net Increase in Cash

Attempts: $0$ of $3$ used

Noncash Investing and Financing Activities date. Autosubmission can take up to $10$ minutes.