Please do not give solution in image format thanku NASH CORP.BALANCE SHEETCOMPARATIVEAS OF DECEMBER 31, 2025 AND 2024CashInvestmentsReceivablesInventoryPlant assetsAccumulated depreciationAccounts payableAccrued liabilitiesBonds payableCapital stockRetained earnings2025$81002,2601,6001,60033082020241.530$6402,200190(600)(435)$5,670 $4,9652,130$790 $1,2001,2501.1905401,0301,430765$5,670 $4,965 NASH CORP.INCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2025$15,100SalesCost of goods soldGross marginSelling and administrative expensesIncome from operationsOther revenues and gainsLoss on sale of investmentsIncome before taxIncome tax expenseNet incomeCash dividendsIncome retained in businessALLIMITnal information:Additional information:10,4104,6901.2153.475303.4451,4102,035600$1,435During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in 2025.Prepare a statement of cash flows using the direct method. (Show amounts in the Investing and financing sections that decrease cash flowwith either a-sign e.g.-15,000 or In parenthesis eg. (15,000))

The cash flow statement is prepared to record the cash flow from various activities during the…

NASH CORP. BALANCE SHEET COMPARATIVE AS OF DECEMBER 31, 2025 AND 2024 Cash Investments Receivables Inventory Plant assets Accumulated depreciation Accounts payable Accrued liabilities Bonds payable Capital stock 2025 $810 0 330 2024 2,260 1,600 1,600 (600) $5,670 $4,965 820 $640 190 $790 $1,200 1,530 2,130 1,250 1,190 (435) 540 1.030 1.430 TE

NASH CORP. BALANCE SHEET COMPARATIVE AS OF DECEMBER 31, 2025 AND 2024 Cash Investments Receivables Inventory Plant assets Accumulated depreciation Accounts payable Accrued liabilities Bonds payable Capital stock 2025 $810 0 330 2024 2,260 1,600 1,600 (600) $5,670 $4,965 820 $640 190 $790 $1,200 1,530 2,130 1,250 1,190 (435) 540 1.030 1.430 TE

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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