Accountants for Jackson, Inc, have assembled the following data for the year ended December $31,2024$:

$($Click the icon to view the current accounts.$)$

$($Click the icon to view the transaction data.$)$

Prepare Jackson's statement of cash flows using the indirect method. Include an accompanying schedule of non$-$cash investing and financing activities.

Complete the statement one section at a time, beginning with the cash flows from operating activities. $($Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.$)$

Jackson, Inc.

Statement of Cash Flows

Year Ended December $31,2024$

Cash Flows from Operating Activities:

Net Income

Adjustments to Reconcile Net Income to Net Cash

Data table

$\backslash$table$[[,2024,2023],[$Current Assets:,$97,600,21,000],[$Cash$,64,200,68,900],[$Accounts Receivable,$84,000,76,000],[$Merchandise Inventory,,$],[$Current Liabilities:,$58,200,56,100],[$Accounts Payable,$15,000,16,600],[$Income Tax Payable,,$]]$

Data table

$\backslash$table$[[$Transaction Data for $2024$:$,$$$40,000,$Payment of notes payable,$50,100],[$Issuance of common stock for cash,$26,000,$Payment of cash dividends,$47,000],[$Depreciation expense,$68,000,$Issuance of notes payable to borrow cash,$59,000],[$Purchase of equipment with cash,$117,000,$Gain on sale of building,$6,500],[$Acquisition of land by issuing long$-$term notes payable,$53,000,$Net income,$66,500],[$Book value of building sold,,,$]]$