Matlock Inc., a greeting card company, had the following statements prepared as of December 31, 2025....

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Matlock Inc., a greeting card company, had the following statements prepared as of December 31, 2025. Metlock Inc. Comparative Balance Sheet As of December 31, 2025 and 2024 12/31/25 12/31/24 Cash $6,000 $6,900 Accounts receivable 62.500 50,900 Short-term debt investments (available-for-sale) 35,200 17,900 Inventory 40,300 59,500 Prepaid rent 4,900 4,100 Equipment 153,100 129,600 Accumulated depreciation-equipment (35,200) (24,700) Copyrights 45,600 50,500 Total assets $312,400 $294,700 Accounts payable $45,500 $40,000 Income taxes payable 4,000 6,100 Salaries and wages payable 8,000 3,900 Short-term loans payable 8,000 9,900 Long-term loans payable 59,400 69,900 Common stock, $10 par 100,000 100,000 Paid-in capital, common stock 30,000 30,000 Retained earnings 57,500 36,000 Total liabilities and stockholders' equity $312,400 $294,700 Metlock Inc. Income Statement For the Year Ending December 31, 2025 Sales revenue Cost of goods sold Gross profit $337,300 174,000 163,300 Operating expenses 119,100 Operating income 44,200 Interest expense $11,600 Gain on sale of equipment 1,900 9,700 Income before tax 34.500 Income tax expense 6,900 Net income $27,600 Additional information: 1. Dividends in the amount of $6,100 were declared and paid during 2025. 2. 3. 4. Depreciation expense and amortization expense are included in operating expenses. No unrealized gains or losses have occurred on the investments during the year. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 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).) METLOCK INC. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 $ Matlock Inc., a greeting card company, had the following statements prepared as of December 31, 2025. Metlock Inc. Comparative Balance Sheet As of December 31, 2025 and 2024 12/31/25 12/31/24 Cash $6,000 $6,900 Accounts receivable 62.500 50,900 Short-term debt investments (available-for-sale) 35,200 17,900 Inventory 40,300 59,500 Prepaid rent 4,900 4,100 Equipment 153,100 129,600 Accumulated depreciation-equipment (35,200) (24,700) Copyrights 45,600 50,500 Total assets $312,400 $294,700 Accounts payable $45,500 $40,000 Income taxes payable 4,000 6,100 Salaries and wages payable 8,000 3,900 Short-term loans payable 8,000 9,900 Long-term loans payable 59,400 69,900 Common stock, $10 par 100,000 100,000 Paid-in capital, common stock 30,000 30,000 Retained earnings 57,500 36,000 Total liabilities and stockholders' equity $312,400 $294,700 Metlock Inc. Income Statement For the Year Ending December 31, 2025 Sales revenue Cost of goods sold Gross profit $337,300 174,000 163,300 Operating expenses 119,100 Operating income 44,200 Interest expense $11,600 Gain on sale of equipment 1,900 9,700 Income before tax 34.500 Income tax expense 6,900 Net income $27,600 Additional information: 1. Dividends in the amount of $6,100 were declared and paid during 2025. 2. 3. 4. Depreciation expense and amortization expense are included in operating expenses. No unrealized gains or losses have occurred on the investments during the year. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 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).) METLOCK INC. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 $