Please do not give solution in image format thanku The current sections of Kingbird Inc's balance sheets at December 31, 2024 and 2025, are presented here. Kingbird's net income for2025 was $107,100. Depreciation expense was $18,900.Current assetsCashAccounts receivableInventoryPrepaid expensesTotal current assetsCurrent liabilitiesAccrued expenses payableAccounts payableTotal current liabilities2025$73,50056,000117,60018,900$266,000$ 10,50059,500$70,0002024$69,30062,300120,40015,400$267,400$ 3,50064,400$67,900 Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2025, using theindirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)KINGBIRD INC.Statement of Cash Flows (Partial) - Indirect MethodFor the Year Ended December 31, 2025Adjustments to reconcile net income toAdjustments to reconcile net income to00000$

A CFS (cash flow statement) is a type of financial statement that depicts the relationship between…

The current sections of Kingbird Inc.'s balance sheets at December 31, 202- 2025 was $107,100. Depreciation expense was $18,900. Current assets Cash Accounts receivable Inventory 2025 2024 $73,500 $69,300 56,000 62,300 117,600 120,400

The current sections of Kingbird Inc.'s balance sheets at December 31, 202- 2025 was $107,100. Depreciation expense was $18,900. Current assets Cash Accounts receivable Inventory 2025 2024 $73,500 $69,300 56,000 62,300 117,600 120,400

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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