Dan Corporation has provided the following information for the year ended December 31, 2025. View the comparative Balance Sheet. View the Income Statement. View the additional information. Prepare the 2025 Statement of Cash Flows, using the indirect method. (Use a minus sign or parentheses fo Dan Corporation Statement of Cash Flows Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Additional Information Additional information provided by the company includes the following Equipment costing $28,000 was purchased for cash. Equipment with a net book value of $13,000 was sold for $17,000. Depreciation expense of $12,000 was recorded during the year. During 2025, the company repaid $40,000 of long-term Notes Payable. . During 2025, the company borrowed $35,000 on a new long-term Note Payable Common Stock was issued for cash. . There were no stock retirements during the year. There were no sales of Treasury Stock during the year . All sales are on credit Income Statement Dan Corp Income Statement Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Sales Revenue Interest Revenue Year Ended December 31, 2025 Gain on Sale of Plant Assets Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: $ 270,000 8,000 4,000 Total Revenue and Gains $ 282,000 Cost of Goods Sold 146,000 Salaries and Wages Expense 50,000 Depreciation Expense-Plant Assets 12,000 Other Operating Expense 26,000 Interest Expense 1,000 Income Tax Expense Total Expenses Net Income 5,000 240,000 S 42,000 Balance Sheet Cash Accounts Receivable Merchandise Inventory Plant Assets - X Total Assets Dan Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Increase (Decrease) S 56,000 $ 18,000 S 38,000 29,000 40,000 (11,000) 55,000 32,000 23,000 99,000 96,000 3,000 $ 239,000 $ 186,000 $ 53,000 Accounts Payable 13,000 $ 19,000 $ (6,000) Accrued Liabilities 5,000 2,000 3,000 82.000 87,000 Long-term Notes Payable (5,000) $ 100,000 $ 108,000 $ (8,000) Total Liabilities Common Stock Retained Earnings 49,000 11,000 38,000 107,000 76,000 31,000 Treasury Stock (17,000) (9.000) (8,000) $ 139,000 $ 78,000 $ Total Stockholders' Equity 61,000 $ 239,000 $ 186,000 $ 53,000 Total Liabilities and Stockholders' Equity Print Done