Prepare a statement of cash flows using the direct method. $($Do not prepare a reconciliation schedule.$)$Condensed financial data of Sheffield Company for $2025$ and $2024$ are presented below.

Sheffield Company

Income Statement

For the Year Ended December $31,2025$

Additional information:

During the year, $$70$ of common stock was issued in exchange for plant assets. No plant assets were sold in $2025.$

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 e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$