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Current Attempt in Progress The comparative balance sheets of Cheyenne Inc. at the beginning and the end of the year 2025 are as follows. Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total Cheyenne Inc. Balance Sheets Dec. 31, 2025 $ 53,100 107,380 46,020 20,060 $186,440 $ 23,600 118,000 44,840 $186,440 Jan. 1, 2025 $ 15,340 103,840 25,960 12,980 $132,160 $ 17,700 94,400 20,060 $132,160 Inc./Dec. $37,760 Inc. 3,540 Inc. 20,060 Inc. Inc. 7,080 $ 5,900 Inc. 23,600 Inc. 24,780 Inc. Net income of $51,920 was reported, and dividends of $27,140 were paid in 2025. New equipment was purchased and none was sold Prepare a statement of cash flows for the year 2025. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)

Current Attempt in Progress The comparative balance sheets of Cheyenne Inc. at the beginning and the end of the year 2025 are as follows. Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total Cheyenne Inc. Balance Sheets Dec. 31, 2025 $ 53,100 107,380 46,020 20,060 $186,440 $ 23,600 118,000 44,840 $186,440 Jan. 1, 2025 $ 15,340 103,840 25,960 12,980 $132,160 $ 17,700 94,400 20,060 $132,160 Inc./Dec. $37,760 Inc. 3,540 Inc. 20,060 Inc. Inc. 7,080 $ 5,900 Inc. 23,600 Inc. 24,780 Inc. Net income of $51,920 was reported, and dividends of $27,140 were paid in 2025. New equipment was purchased and none was sold Prepare a statement of cash flows for the year 2025. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The comparative balance sheets of Cheyenne Inc. at the beginning and the end of the year 2025 are as follows.

**Cheyenne Inc. Balance Sheets – Comparative Analysis for 2025** The balance sheets of Cheyenne Inc. provide a detailed overview of the company’s financial position at the start and end of the year 2025. Here's a breakdown of the information presented in the statement: ### Assets 1. **Cash** - Dec. 31, 2025: $53,100 - Jan. 1, 2025: $15,340 - Increase: $37,760 2. **Accounts Receivable** - Dec. 31, 2025: $107,380 - Jan. 1, 2025: $103,840 - Increase: $3,540 3. **Equipment** - Dec. 31, 2025: $46,020 - Jan. 1, 2025: $25,960 - Increase: $20,060 4. **Accumulated Depreciation – Equipment** - Dec. 31, 2025: $20,060 - Jan. 1, 2025: $12,980 - Increase: $7,080 **Total Assets** - Dec. 31, 2025: $186,440 - Jan. 1, 2025: $132,160 ### Liabilities and Stockholders’ Equity 1. **Accounts Payable** - Dec. 31, 2025: $23,600 - Jan. 1, 2025: $17,700 - Increase: $5,900 2. **Common Stock** - Dec. 31, 2025: $118,000 - Jan. 1, 2025: $94,400 - Increase: $23,600 3. **Retained Earnings** - Dec. 31, 2025: $44,840 - Jan. 1, 2025: $20,060 - Increase: $24,780 **Total Liabilities and Stockholders’ Equity** - Dec. 31, 2025: $186,440 - Jan. 1, 2025: $132,160 --- ### Additional Financial Information - **Net Income for 2025**: $51,920 - **
Transcribed Image Text:**Cheyenne Inc. Balance Sheets – Comparative Analysis for 2025** The balance sheets of Cheyenne Inc. provide a detailed overview of the company’s financial position at the start and end of the year 2025. Here's a breakdown of the information presented in the statement: ### Assets 1. **Cash** - Dec. 31, 2025: $53,100 - Jan. 1, 2025: $15,340 - Increase: $37,760 2. **Accounts Receivable** - Dec. 31, 2025: $107,380 - Jan. 1, 2025: $103,840 - Increase: $3,540 3. **Equipment** - Dec. 31, 2025: $46,020 - Jan. 1, 2025: $25,960 - Increase: $20,060 4. **Accumulated Depreciation – Equipment** - Dec. 31, 2025: $20,060 - Jan. 1, 2025: $12,980 - Increase: $7,080 **Total Assets** - Dec. 31, 2025: $186,440 - Jan. 1, 2025: $132,160 ### Liabilities and Stockholders’ Equity 1. **Accounts Payable** - Dec. 31, 2025: $23,600 - Jan. 1, 2025: $17,700 - Increase: $5,900 2. **Common Stock** - Dec. 31, 2025: $118,000 - Jan. 1, 2025: $94,400 - Increase: $23,600 3. **Retained Earnings** - Dec. 31, 2025: $44,840 - Jan. 1, 2025: $20,060 - Increase: $24,780 **Total Liabilities and Stockholders’ Equity** - Dec. 31, 2025: $186,440 - Jan. 1, 2025: $132,160 --- ### Additional Financial Information - **Net Income for 2025**: $51,920 - **
**Cheyenne Inc. Statement of Cash Flows** *For the Year Ended December 31, 2025* - **Cash at Beginning of Year**: $ [Input] **Adjustments to reconcile net income to:** 1. [Dropdown Option] $ [Input] 2. [Dropdown Option] 3. [Dropdown Option] $ [Input] 4. [Dropdown Option] $ [Input] 5. [Dropdown Option] [Calculation Line] [Input] [Dropdown Option] [Dropdown Option] [Dropdown Option] [Dropdown Option] $ [Input] [Calculation Line] $ [Input] **Explanation:** This template provides an outline for Cheyenne Inc.'s Statement of Cash Flows. The statement has sections requiring specific financial data input, including cash at the beginning of the year and various adjustments needed to reconcile net income. The specific categories for adjustments are selectable through dropdown menus, allowing for tailored entries based on financial activities throughout the year. The statement is structured to compute and display cash flows for the fiscal year ending December 31, 2025.
Transcribed Image Text:**Cheyenne Inc. Statement of Cash Flows** *For the Year Ended December 31, 2025* - **Cash at Beginning of Year**: $ [Input] **Adjustments to reconcile net income to:** 1. [Dropdown Option] $ [Input] 2. [Dropdown Option] 3. [Dropdown Option] $ [Input] 4. [Dropdown Option] $ [Input] 5. [Dropdown Option] [Calculation Line] [Input] [Dropdown Option] [Dropdown Option] [Dropdown Option] [Dropdown Option] $ [Input] [Calculation Line] $ [Input] **Explanation:** This template provides an outline for Cheyenne Inc.'s Statement of Cash Flows. The statement has sections requiring specific financial data input, including cash at the beginning of the year and various adjustments needed to reconcile net income. The specific categories for adjustments are selectable through dropdown menus, allowing for tailored entries based on financial activities throughout the year. The statement is structured to compute and display cash flows for the fiscal year ending December 31, 2025.
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