Question: View Policies Current Attempt in Progress Nash Inc. had the balance sheet shown below at December 31, 2024. During 2025, the following occurred: 1. Nash




View Policies Current Attempt in Progress Nash Inc. had the balance sheet shown below at December 31, 2024. During 2025, the following occurred: 1. Nash inc. sold part of its investment portfolio for $23,200. This transaction resulted in a loss of $5,300 for the firm. The company classifies its investments as available-for-sale. 2. A tract of land was purchased for $29,400 cash. 3. Long-term notes payable in the amount of $33,200 were retired before maturity by paying $33.200 cash. During 2025 , the following occurred: 1. Nash Inc. sold part of its investment portfolio for $23,200. This transaction resulted in a loss of $5,300 for the firm. The company classifies its investments as available-for-sale. 2. A tract of land was purchased for $29,400cash. 3. Long-term notes payable in the amount of $33,200 were retired before maturity by paying $33,200 cash. 4. An additional $46,200 in common stock was issued at par. 5. Dividends of $23,200 were declared and paid to stockholders. 6. Net income for 2025 was $25,400 after allowing for depreciation of $12,200. 7. Land was purchased through the issuance of $65.400 in bonds payable. 8. At December 31,2025 , Cash was $56,900, Accounts Receivable was $66,200, and Accounts Payable remained at $65,400. Prepare a statement of cash flows for 2025. (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in parenthesis e.g. (15,000). Question 5 of 6 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit
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