Condensed financial data of Culver Corp. for 2025 and 2024 are presented below CULVER CORP....
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Condensed financial data of Culver Corp. for 2025 and 2024 are presented below CULVER CORP. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2025 AND 2024 Cash Investments Receivables Inventory Plant assets Accumulated depreciation 2025 $850 0 2,280 1,610 1,650 2024 $650 250 2,130 1,190 1,220 (590) (455) $5,800 $4,985
Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with elther a - slgn eg. 15,000 or in parenthesis eg. (15,000). Additional information: During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in \begin{tabular}{lrr} Accounts payable & $780 & $1,220 \\ Accrued liabilities & 340 & 560 \\ Bonds payable & 820 & 1,000 \\ Capital stock & 1,540 & 1,440 \\ Retained earnings & 2,320 & 765 \\ & $5,800 & $4,985 \\ \hline \end{tabular} CULVER CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2025 Sales Cost of goods sold Gross margin $15,250 10,420 4,830 Condensed financial data of Culver Corp. for 2025 and 2024 are presented belo
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