This answer is not correct could you please help me$...$ My $3$ submission. Marin Company Income Statement and Dividend Information For the Year Ended December $31,2025$

MARIN COMPANY

Statement of Cash Flows

For the Year Ended December $31,2025$

$($Direct Method$)$

Cash Flows from Operating Activities

Cash receipts:

Cash Received from Customers Chapter $23$

Question $2$ of $2$

$40\mathrm{.}54/50$

MARIN COMPANY

Statement of Cash Flows

For the Year Ended December $31,2025$

$($Direct Method$)$

Cash Flows from Operating Activities

Cash receipts:

Cash Received from Customers $\backslash ($ V $\backslash )$

$\backslash$$ $\backslash (\backslash$square $\backslash )$

Dividends Received $\backslash (\backslash$square $\backslash )$

$\backslash (\backslash$$ $1,165,690\backslash )$

Cash payments:

Cash Paid to Suppliers

Cash Paid for Operating Expenses

Cash Paid for Interest

Cash Paid for Taxes

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Net Cash Provided by Operating Activities

Cash Flows from Investing Activities

Sale of Land $\backslash (\backslash$square $\backslash )$

Sale of Short$-$term Investments $\backslash (\backslash$square $\backslash )$

Purchase of Equipment $\backslash (\backslash$square $\backslash )$

Net Cash Used by Investing Activities

Cash Flows from Financing Activities

Proceeds from Issuance of Common Stock $\backslash (\backslash$square $\backslash )$

Principal Payment on Long$-$Term Debt $\backslash (\backslash$square $\backslash )$

Dividends Paid $\backslash (\backslash$square $\backslash )$

Dividends Paid

Net Cash Used by Financing Activities

$\backslash (-11,570\backslash )$

Net Increase in Cash

Cash, January $1,2025$

Cash, December $31,2025$

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$($Show amounts that decrease cash flow with either a$-$sign eg$.-15,000$ or in parenthesis eg$.(15,000).)$

Reconciliation Schedule

Reconciliation of Net Income to

Cash Flows from Operating Activities

Net Income

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$66020$

Adjustments to reconcile net income to

Net Cash Provided by Operating Activities

Cash, December $31,2025$

$($Show amounts that decrease cash flow with either a$-$sign e$.$g$.-15,000$ or in parenthesis e$.$g$.\backslash ((15,000)\backslash )).$

Reconciliation Schedule

Reconciliation of Net Income to

Cash Flows from Operating Activities

Net Income

Adjustments to reconcile net income to

Net Cash Provided by Operating Activities

Net Income

Depreciation$/$Amortization Expense

Gain on Sale of Land

Gain on Sale of Short$-$term Investments

Increase in Accounts Receivable

Increase in Inventory

Decrease in Prepaid Rent

Increase in Prepaid Insurance

Increase in Supplies

Decrease in Accounts Payable

Increase in Salaries and Wages Payable

Increase in Income Taxes Payable

Net Cash Provided bv Operating Activities

Net Cash Provided by Operating Activities

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