Please do not give solution in image format thanku Whispering Inc.Statement of Cash FlowsAdjustments to reconcile net income to$$ The comparative balance sheets of Whispering Inc. at the beginning and the end of the year 2025 are as follows.AssetsCashAccounts receivableEquipmentLess: Accumulated depreciation-equipmentTotalLiabilities and Stockholders' EquityAccounts payableCommon stockWhispering Inc.Balance SheetsRetained earningsTotalDec. 31, 2025$36,90074,62031,98013,940$129,560$ 16,40082,00031,160$129,560Jan. 1, 2025$ 10,66072,16018,0409,020$91,840$ 12,30065,60013,940$91,840Inc./Dec.$26,240 Inc.2,460 Inc.13,940 Inc.4,920 Inc.$4,100 Inc.16,400 Inc.17,220 Inc.Net income of $36,080 was reported, and dividends of $18,860 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 - signe.g.-15,000 or in parenthesiseg. (15,000).)

The question is based on the concept of Cash Flow Statement. It is a statement that shows the…

Whispering Inc. Balance Sheets Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Dec. 31, 2025 $36,900 74,620 31,980 13,940 $129,560 Jan. 1, 2025 $ 10,660 72,160 18,040 9,020 $91,840 Inc./Dec. $26,240 Inc. 2,460 Inc. 13,940 Inc. 4,920 Inc.

Whispering Inc. Balance Sheets Assets Cash Accounts receivable Equipment Less: Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Dec. 31, 2025 $36,900 74,620 31,980 13,940 $129,560 Jan. 1, 2025 $ 10,660 72,160 18,040 9,020 $91,840 Inc./Dec. $26,240 Inc. 2,460 Inc. 13,940 Inc. 4,920 Inc.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.14E

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