Teal Corporations comparative balance sheets are as follows. Teal Corporation Comparative Balance...

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Accounting

Teal Corporations comparative balance sheets are as follows.
Teal Corporation Comparative Balance Sheets December 31
Cash $12,200 Accounts receivable 25,100 Investments 20,100 Equipment 66,400
$17,40022,00015,40076,500
(10,000) $121,300
$11,50031,00048,00030,800
$121,300
Accumulated depreciationequipment Total
Accounts payable Bonds payable Common stock Retained earnings
Total
Additional information:
(14,600) $109,200
$15,50011,00051,00031,700
$109,200
2025
2024
1. Net income was $17,800. Dividends declared and paid were $16,900.
2. Equipment which cost $10,100 and had accumulated depreciation of $1,300 was sold for $3,500.
3. No noncash investing and financing activities occurred during 2025.
4. Bonds were retired at their carrying value.
(a)
Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g.(15,000).)
TEAL CORPORATION
Statement of Cash Flows Indirect Method
Adjustments to reconcile net income to
:
$
$
$
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
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