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Question 7 of 8 Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, \$10 par Paid-in capital, common stock Retained earnings Total liabilities and stockholders' equity $46,500 $40,100 4,000 6,100 8,000 3,900 8,100 10,000 60,600 69,200 100,000 100,000 30,000 30,000 57,400 $314,600 Whispering Inc. Income Statement For the Year Ending December 31, 2025 Sales revenue Cost of goods sold $340,125 174,600 Whispering Inc, a greeting card company, had the following statements prepared as of December 31,2025. Question 7 of 8 Additional information: Additional intormation: 1. Dividends in the amount of $6,100 were declared and paid during 2025. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2025 . Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either asign eg. 15,000 or in parenthesis es. (15,000). Question 7 of 8 Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock, \$10 par Paid-in capital, common stock Retained earnings Total liabilities and stockholders' equity $46,500 $40,100 4,000 6,100 8,000 3,900 8,100 10,000 60,600 69,200 100,000 100,000 30,000 30,000 57,400 $314,600 Whispering Inc. Income Statement For the Year Ending December 31, 2025 Sales revenue Cost of goods sold $340,125 174,600 Whispering Inc, a greeting card company, had the following statements prepared as of December 31,2025. Question 7 of 8 Additional information: Additional intormation: 1. Dividends in the amount of $6,100 were declared and paid during 2025. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2025 . Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either asign eg. 15,000 or in parenthesis es. (15,000)

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