please prepare a statement of cash flows using direct method and prepare reconciliation schedule. thanks will upvote
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please prepare a statement of cash flows using direct method and prepare reconciliation schedule. thanks will upvote
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Flint Company Comparative Balance Sheets As of December 31, 2025 and 2024 2025 2024 Cash $9.960 $4,010 Accounts receivable 20.490 13.010 Short-term investments 22.220 29.840 Inventory 42.180 35.190 Prepaid rent 3.000 11.980 Prepaid insurance 2.120 90 Supplies 1,010 76 Land 125.820 174,980 Buildings 351,050 351050 Accumulated depreciation-buildings (105,020) (17,320) Equipment 527,450 397.360 Accumulated depreciation-equipment (130,070) (112,340) Patents 44,820 50450 Total assets $915.030 $868.376 Accounts payable $22,060 $32,000 Income taxes payable 4.990 4020 Salaries and wages payable 4,980 2.990 Short-term notes payable 10.010 10,010 Long-term notes payable 59.400 69.540 Bonds payable 401,400 401,400 Premium on bonds payable 22.510 22.766 Common stock 240.810 219.200 Paid-in capital in excess of par-common stock 25,100 17,480 Retained earnings 123,770 88,970 Total abilities and stockholders' equity $915.030 $868.376 Flint Company Income Statement and Dividend Information For the Year Ended December 31, 2025 Sales revenue Cost of goods sold Gross margin $1,155,590 741,170 414,420 Flint Company Comparative Balance Sheets As of December 31, 2025 and 2024 2025 2024 Cash $9.960 $4,010 Accounts receivable 20.490 13.010 Short-term investments 22.220 29.840 Inventory 42.180 35.190 Prepaid rent 3.000 11.980 Prepaid insurance 2.120 90 Supplies 1,010 76 Land 125.820 174,980 Buildings 351,050 351050 Accumulated depreciation-buildings (105,020) (17,320) Equipment 527,450 397.360 Accumulated depreciation-equipment (130,070) (112,340) Patents 44,820 50450 Total assets $915.030 $868.376 Accounts payable $22,060 $32,000 Income taxes payable 4.990 4020 Salaries and wages payable 4,980 2.990 Short-term notes payable 10.010 10,010 Long-term notes payable 59.400 69.540 Bonds payable 401,400 401,400 Premium on bonds payable 22.510 22.766 Common stock 240.810 219.200 Paid-in capital in excess of par-common stock 25,100 17,480 Retained earnings 123,770 88,970 Total abilities and stockholders' equity $915.030 $868.376 Flint Company Income Statement and Dividend Information For the Year Ended December 31, 2025 Sales revenue Cost of goods sold Gross margin $1,155,590 741,170 414,420
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