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You have completed the field work in connection with your audit of Culver Corporation for the year ended December $31,2025.$ The Your working papers from the audit contain the following information:

On April $1,2025,$ the existing deficit was written off against paid$-$in capital created by reducing the stated value of the no$-$par

stock.

On November $1,2025,30,784$ shares of no$-$par stock were sold for $$267,280.$ The board of directors voted to regard $$5$ per

share as stated capital.

A patent was purchased for $$15,600.$

During the year, machinery that had a cost basis of $$17,056$ and on which there was accumulated depreciation of $$5,408$ was

sold for $$9,360.$ No other plant assets were sold during the year.

The $12\%,20-$year bonds were dated and issued on January $2,2013.$ Interest was payable on June $30$ and December $31.$ They

were sold originally at $106.$ These bonds were redeemed at $100\mathrm{.}9$ plus accrued interest on March $31,2025.$

The $8\%,40-$year bonds were dated January $1,2025,$ and were sold on March $31$ at $97$ plus accrued interest. Interest is

payable semiannually on June $30$ and December $31.$ Expense of issuance was $$873.$

Culver Corporation acquired $70\%$ control in Crimson Company on January $2,2025,$ for $$104,000.$ The income statement of

Crimson Company for $2025$ shows a net income of $$15,600.$

Major repairs to buildings of $$7,488$ were charged to Accumulated Depreciation$-$Buildings.

Interest paid in $2025$ was $$10,920$ and income taxes paid were $$35,360.$

From the information given, prepare a statement of cash flows using the indirect method. A worksheet is not necessary, but the

principal computations should be supported by schedules or general ledger accounts. The company uses straight$-$line amortization for

bond interest. $($Round answers to $0$ decimal places, e$.$g$.2,500.$ Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in

parenthesis e$.$g$.(15,000).)$

balance sheet accounts at the beginning and end of the year are shown below.

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