70.2K

Verified Solution

Link Copied!

Hi its all one question if anyone can help

Swiftv Inr. a grepting rard romnanv had the following statements nrevared as of December 31,2025 . Adjustments to reconcile net income to Net Cash Provided by Operatiry Activities Depreciation Epersec s. Amortization of Copyricht Gainan Sale of Equipmen? Decreate in irwentocy Increase in Salaries and Wacen Payoble Increaue in Accounts Proble Increnein Prepalid Kont Increase in Accoonts Receivabie. Decrease in incorge Taes 1 Pryable Net Cent Provided by Operatiec Act wities Cosk Flows from ienesting Activites Additional information: 1. Dividends in the amount of \\( \\$ 6,000 \\) were declared and paid during 2025 . 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of \\( \\$ 19,900 \\) and was \70 depreciated was sold during 2025. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. - 15,000 or in parenthesis eg \\( (15,000) \\) Sale of Equigment Purchase of Eouipment Purchase of imvestments Net Cash Used by lnvesting Activeies Cash Flows trom financing Activities Prinopat Pmenent on Shart-ferm toan Princlaal Payment oa Lory Ferm Loan Dividend Payments Net Cash Used br Financine Netivities Wet Docrease in Cash Cast. January 22025 Canh. Oecimber31,2025 4 \\begin{tabular}{lrr} Long-term loans payable & 59,700 & 69,000 \\\\ Common stock, \\$10 par & 100,000 & 100,000 \\\\ Paid-in capital, common stock & 30,000 & 30,000 \\\\ Retained earnings & 58,100 & 36,200 \\\\ \\hline Total tiabilities and stockholders' equity & \\( \\$ 313,900 \\) & \\( \\$ 295,400 \\) \\\\ \\hline \\end{tabular}

Answer & Explanation Solved by verified expert

See Answer