The $2025$ income statement and comparative balance sheet of Cobbs Hill, Inc. follow:

liew the income statement.

rew the additional information.

View the comparative balance sheet.

Read the requirements.

Complete the statement one section at a time, beginning with the cash flows from operating activities.

Comparative Balance Sheet

$\backslash$table$[[\backslash$table$[[$Cobbs Hill, Inc.$],[$Comparative Balance Sheet$],[$December $31,2025$ and $2024]]],[,,2025,2024],[$Assets$],[$Current Assets:$],[$Cash$,$$$,27,000$$$,14,900],[$Accounts Receivable,,$26,800,25,000],[$Merchandise Inventory,,$79,700,91,200],[$Long$-$term Assets:$],[$Land$,,35,400,9,000],[$Plant Assets,,$120,790,109,520],[$Accumulated Depreciation$-$Plant Assets,,$(18,890),(16,820)$