$\backslash$table$[[$Assets$,\backslash$table$[[$corporation$],[$ce Sheets$]],,,],[$Dec$.31,2025,$Jan. $1,2025,$Inc.$/$Dec$.],[,,,],[$Cash$,$$$21,600,$$$14,370,$$$7,230,$Inc.$],[$Accounts receivable,$107,600,89,370,18,230,$Inc.$],[$Equipment$,40,600,23,370,17,230,$Inc.$],[$Less: Accumulated depreciation$-$equipment,$17,000,11,000,6,000,$Inc.$],[$Total$,$$$152,800,$$$116,110,,],[$Liabilities and Stockholders' Equity$],[$Accounts payable,$$21,600,$$$16,370,$$$5,230,$Inc.$],[$Common stock,$101,600,81,370,20,230,$Inc.$],[$Retained earnings,$29,600,18,370,11,230,$Inc.$],[$Total$,$$$152,800,$$$116,110,,]]$ Larkspur Corporation

Statement of Cash Flows

For the Year Ended December $31,2025$

Cash Flows from Operating Activities

Adjustments to reconcile net income to

Net Cash Provided by Operating Activities

Depreciation Expense

$

Increase in Accounts Receivable

Increase in Accounts Payable

Net Cash Provided by Operating Activities Cash Flows from Investing Activities

Cash Flows from Financing Activities

Net Cash Used by Financing Activities Compute the current ratio $($current assets $$ current liabilities$)$ as of January $1,2025,$ and

December $31,2025.($Round ratios to $2$ decimal places, e$.$g$.0\mathrm{.}67$:$1.)$

Compute free cash flow for the year $2025.($Show amount that decrease cash flow with either $a-$

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

Free cash flow $,$$$|$

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Assistance Used

Net income of $$45,600$ was reported, and dividends of $$34,370$ were paid in $2025.$ New equipment was purchased and none was sold.