Question

The following data are taken from the records of Monty Company. December 31, 2025 December 31, 2024 Cash $15,100 $7,900 Current assets other than cash 84,900 59,500 Long-term debt investments 10,000 53,300 Plant assets 336,900 214,900 $446,900 $335,600 Accumulated depreciation $20,100 $40,200 Current liabilities 39,600 21,900 Bonds payable 75,600 -0- Common stock 253,700 253,700 Retained earnings 57,900 19,800 $446,900 $335,600 Additional information: 1. Held-to-maturity debt securities carried at a cost of $43,300 on December 31, 2024, were sold in 2025 for $33,700. The loss (not unusual) was incorrectly charged directly to Retained Earnings. 2. Plant assets that cost $49,500 and were 80% depreciated were sold during 2025 for $7,900. The loss was incorrectly charged directly to Retained Earnings. 3. Net income as reported on the income statement for the year was $56,500. 4. Dividends paid amounted to $6,800. 5. Depreciation charged for the year was $19,500. Prepare a statement of cash flows for the year 2025 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) MONTY COMPANY STATEMENT OF CASH FLOWS $ Adjustments to reconcile net income to

          The following data are taken from the records of Monty Company.
December 31,
2025
December 31,
2024
Cash
$15,100
$7,900
Current assets other than cash
84,900
59,500
Long-term debt investments
10,000
53,300
Plant assets
336,900
214,900
$446,900
$335,600
Accumulated depreciation
$20,100
$40,200
Current liabilities
39,600
21,900
Bonds payable
75,600
-0-
Common stock
253,700
253,700
Retained earnings
57,900
19,800
$446,900
$335,600
Additional information:
1.
Held-to-maturity debt securities carried at a cost of $43,300 on December 31, 2024, were sold in 2025 for $33,700. The loss
(not unusual) was incorrectly charged directly to Retained Earnings.
2.
Plant assets that cost $49,500 and were 80% depreciated were sold during 2025 for $7,900. The loss was incorrectly charged
directly to Retained Earnings.
3.
Net income as reported on the income statement for the year was $56,500.
4.
Dividends paid amounted to $6,800.
5.
Depreciation charged for the year was $19,500.
Prepare a statement of cash flows for the year 2025 using the indirect method. (Show amounts that decrease cash flow with either a - sign
e.g. -15,000 or in parenthesis e.g. (15,000).)
MONTY COMPANY
STATEMENT OF CASH FLOWS
$
Adjustments to reconcile net income to

The following data are taken from the records of Monty Company.
December 31,
2025
December 31,
2024
Cash
15,1007,900
Current assets other than cash
84,900
59,500
Long-term debt investments
10,000
53,300
Plant assets
336,900
214,900
446,900335,600
Accumulated depreciation
20,10040,200
Current liabilities
39,600
21,900
Bonds payable
75,600
-0-
Common stock
253,700
253,700
Retained earnings
57,900
19,800
446,900335,600
Additional information:
1.
Held-to-maturity debt securities carried at a cost of 43,300 on December 31, 2024, were sold in 2025 for33,700. The loss
(not unusual) was incorrectly charged directly to Retained Earnings.
2.
Plant assets that cost 49,500 and were 80% depreciated were sold during 2025 for $7,900. The loss was incorrectly charged
directly to Retained Earnings.
3.
Net income as reported on the income statement for the year was56,500.
4.
Dividends paid amounted to 6,800.
5.
Depreciation charged for the year was19,500.
Prepare a statement of cash flows for the year 2025 using the indirect method. (Show amounts that decrease cash flow with either a - sign
e.g. -15,000 or in parenthesis e.g. (15,000).)
MONTY COMPANY
STATEMENT OF CASH FLOWS
Adjustments to reconcile net income to

Added by Steven A.

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