Accountants for Cartoon, Inc. have assembled the following data for the year ended December 31, 2024 m Click the loon to view the current accounts mick the loon to view the transaction data) Prepare Cartoon's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities GUSTO Year Ended December 31, 2024 Cash Flows from Operating Activities Not income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities i Data Table X 2024 2023 Current Assets Cash 95.400 $ 64,500 80,000 Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 24,000 68,800 78,000 57,300 14,100 56,300 16,900 Print Done ncome to Net ng Activities $ 40,000 Transaction Data for 2024: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold 17,000 72,000 123,000 Payment of notes payable Payment of cash dividends Issuance of notos payable to borrow cash Gain on sale of building Net Income $ 44,100 45,000 57,000 4,000 66,000 52.000 Print Done