Please do not give solution in image format thanku The following is a condensed version of the comparative balance sheets for Teal Corporation for the last two years atDecember 31.CashAccounts receivableInvestmentsEquipmentAccumulated depreciation-equipmentCurrent liabilitiesCommon stockRetained earnings2025$389,400396,000114,400655,600(233,200)294,800352,000675,4002024$171,600407,000162,800528.000(195,800)332.200352,000389,400Additional information:Investments were sold at a loss of $22,000; no equipment was sold; cash dividends paid were $66,000; and net incomewas $352,000. Cash Flows from Operating ActivitiesNet IncomeAdjustments to reconcile net income toNet Cash Provided by Operating Activities:Loss on Sale of InvestmentsDepreciation ExpenseDecrease in Current LiabilitiesDecrease in Accounts ReceivableNet Cash Provided by Operating ActivitiesPurchase of EquipmentCash Flows from Investing ActivitiesSale of InvestmentsPayment of Cash DividendsTeal CorporationStatement of Cash FlowsFor the Year Ended December 31, 2025 9Net Increase in CashNet Cash Used by Investing ActivitiesCash at Beginning of YearCash Flows from Financing ActivitiesCash at End of YeareTextbook and Media#SolutionFree cash flow#Textbook and Media922000374003740011000-1276002640035200033000385000-101200-66000Determine Teal Corporation's free cash flow (Show amount that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.g. (15,000))171600

Statement of Cash Flow:-The Statement of Cash Flows is a financial statement that provides…

The following is a condensed version of the comparative balance sheets for Teal 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 $389,400 $171,600 396,000 407,000 162,800 655,600 528.000 (233,200) (195,800) 294,800 332,200 352,000 389,400 114,400 352,000 675,400 Additional information: Investments were sold at a loss of $22,000; no equipment was sold; cash dividends paid were $66,000; and net income was $352,000.

The following is a condensed version of the comparative balance sheets for Teal 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 $389,400 $171,600 396,000 407,000 162,800 655,600 528.000 (233,200) (195,800) 294,800 332,200 352,000 389,400 114,400 352,000 675,400 Additional information: Investments were sold at a loss of $22,000; no equipment was sold; cash dividends paid were $66,000; and net income was $352,000.

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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