The comparative balance sheets of Swifty Inc. at the beginning and the end of the year 2025 appear below. Assets Cash Accounts receivable Equipment Less: Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total SWIFTY INC. BALANCE SHEETS Dec. 31, 2025 $92,750 186,850 82,850 (38,850) $323,600 $44,850 202,750 76,000 $323,600 Jan. 1, 2025 $28,750 178,100 46,100 (22,000) $230,950 $32,100 162,100 36,750 $230,950 Inc./Dec. $64,000 Inc. 8,750 Inc. 36,750 Inc. 16,850 Inc. $12,750 Inc. 40,650 Inc. 39,250 Inc. Net income of $92,850 was reported, and dividends of $53,600 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-sign e.g.-15,000 or in parenthesis e.g. (15,000).)

The comparative balance sheets of Swifty Inc. at the beginning and the end of the year 2025 appear below. Assets Cash Accounts receivable Equipment Less: Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total SWIFTY INC. BALANCE SHEETS Dec. 31, 2025 $92,750 186,850 82,850 (38,850) $323,600 $44,850 202,750 76,000 $323,600 Jan. 1, 2025 $28,750 178,100 46,100 (22,000) $230,950 $32,100 162,100 36,750 $230,950 Inc./Dec. $64,000 Inc. 8,750 Inc. 36,750 Inc. 16,850 Inc. $12,750 Inc. 40,650 Inc. 39,250 Inc. Net income of $92,850 was reported, and dividends of $53,600 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-sign e.g.-15,000 or in parenthesis e.g. (15,000).)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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