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2024 Income Statement and Comparative Balance all parts. Explain calculations. Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash
2024 Income Statement and Comparative Balance all parts. Explain calculations.
Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Planif Assets Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2023 Cash Balance, December 31, 2024 Non-cash Investing and Financing Activities: Acquisition of Land by Issuing Long-term Notes Payable Total Non-cash Investing and Financing Activities \begin{tabular}{llrr} \hline Stockholders' Equity & \\ \hline Common Stock, no par & 88,500 & 64,600 \\ \hline Retained Earnings & 38,900 & 3,500 \\ \hline Total Stockholders' Equity & 127,400 & 68,100 \\ \hline Total Liabilities and Stockholders' Equity & $364,500 & $29,400 \\ \hline \end{tabular} 1. Prepare the 2024 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment Step by Step Solution
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