Please do not give solution in image format thanku The following is a condensed version of the comparative balance sheets for Cheyenne Corporation for the last two years at December31.CashAccounts receivableInvestmentsEquipmentAccumulated depreciation-equipmentCurrent liabilitiesCommon stockRetained earnings2025$283,200288,00083,200118,400476,800 384,000(169,600)(142,400)214,400241,600256,000256,000491,200283,200(a)2024$124,800296,000Additional information:Investments were sold at a loss of $16,000; no equipment was sold; cash dividends paid were $48,000; and net income was $256,000 Prepare a statement of cash flows for 2025 for Cheyenne Corporation. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)Cheyenne CorporationStatement of Cash FlowsAdjustments to reconcile net income to

Cash flow statement :— It is one of the financial statements that shows change in cash and cash…

The following is a condensed version of the comparative balance sheets for Cheyenne Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2025 2024 $283,200 $124,800 288,000 296,000 83,200 118,400 476,800 384,000 (169,600) (142,400) 214,400 241,600 256,000 256,000 283,200 (a) 491,200 Additional information: Investments were sold at a loss of $16,000; no equipment was sold; cash dividends paid were $48,000; and net income was $256,000

The following is a condensed version of the comparative balance sheets for Cheyenne Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2025 2024 $283,200 $124,800 288,000 296,000 83,200 118,400 476,800 384,000 (169,600) (142,400) 214,400 241,600 256,000 256,000 283,200 (a) 491,200 Additional information: Investments were sold at a loss of $16,000; no equipment was sold; cash dividends paid were $48,000; and net income was $256,000

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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