ACC221-N04 Spring 2022 Homework: Chapter F:16 Homework Data table Grand Tree, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Assets 2024 2023 - X Current Assets: Cash Accounts Receivable Merchandise Inventory $ 26,100 $ 14,900 26.700 25,200 79,400 91,100 Long-term Assets Land 34.900 15.000 Plant Assets 120,710 107.330 (20.810) Accumulated Depreciation-Plant Assets (18.630) 267,000 $ 234,900 Total Assets Current Liabilities Accounts Payable Accrued Liabilities Long-term Liabilities Notes Payable Liabilities S 35,400 $ 30,500 28.200 30,900 Print Done 73,000 103,000 164 400 Help me solve this Etext pages Get more help- esc - 90 000 Requirements 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? Print Done Wicome Staconfforic Year Ended December 31, 2024 Net Sales Revenue $ 439,000 Cost of Goods Sold 207,200 Gross Profit 231,800 Operating Expenses: Salaries Expense $ 72,400 Depreciation Expense-Plant Assets 14,800 Other Operating Expenses 10,300 97,500 Total Operating Expenses Operating Income 134,300 Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense 8,400 (21,200) (12,800) 121,500 19,500 $ 102,000 Net Income Print Done