Whispering Inc. Balance Sheets Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Dec. 31, 2025 $36,900 74,620 31,980 13,940 $129,560 Jan. 1, 2025 $ 10,660 72,160 18,040 9,020 $91,840 Inc./Dec. $26,240 Inc. 2,460 Inc. 13,940 Inc. 4,920 Inc.
Whispering Inc. Balance Sheets Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Dec. 31, 2025 $36,900 74,620 31,980 13,940 $129,560 Jan. 1, 2025 $ 10,660 72,160 18,040 9,020 $91,840 Inc./Dec. $26,240 Inc. 2,460 Inc. 13,940 Inc. 4,920 Inc.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Whispering Inc.
Statement of Cash Flows
Adjustments to reconcile net income to
$
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d4082ee-1b28-46be-9eb2-4ac4c1718617%2F200b7963-3136-49bf-9be5-66aa36ebbac1%2Ffcomp3i_processed.png&w=3840&q=75)
Transcribed Image Text:Whispering Inc.
Statement of Cash Flows
Adjustments to reconcile net income to
$
$
![The comparative balance sheets of Whispering 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
Whispering Inc.
Balance Sheets
Retained earnings
Total
Dec. 31, 2025
$36,900
74,620
31,980
13,940
$129,560
$ 16,400
82,000
31,160
$129,560
Jan. 1, 2025
$ 10,660
72,160
18,040
9,020
$91,840
$ 12,300
65,600
13,940
$91,840
Inc./Dec.
$26,240 Inc.
2,460 Inc.
13,940 Inc.
4,920 Inc.
$4,100 Inc.
16,400 Inc.
17,220 Inc.
Net income of $36,080 was reported, and dividends of $18,860 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 - signe.g.-15,000 or in parenthesis
eg. (15,000).)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d4082ee-1b28-46be-9eb2-4ac4c1718617%2F200b7963-3136-49bf-9be5-66aa36ebbac1%2Fopzpt1c_processed.png&w=3840&q=75)
Transcribed Image Text:The comparative balance sheets of Whispering 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
Whispering Inc.
Balance Sheets
Retained earnings
Total
Dec. 31, 2025
$36,900
74,620
31,980
13,940
$129,560
$ 16,400
82,000
31,160
$129,560
Jan. 1, 2025
$ 10,660
72,160
18,040
9,020
$91,840
$ 12,300
65,600
13,940
$91,840
Inc./Dec.
$26,240 Inc.
2,460 Inc.
13,940 Inc.
4,920 Inc.
$4,100 Inc.
16,400 Inc.
17,220 Inc.
Net income of $36,080 was reported, and dividends of $18,860 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 - signe.g.-15,000 or in parenthesis
eg. (15,000).)
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