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
