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Accountants for Johnson, Inc. have assembled the following data for the year ended December 31, 2024 (Click the icon to view the transaction data)
Accountants for Johnson, Inc. have assembled the following data for the year ended December 31, 2024 (Click the icon to view the transaction data) (Click the icon to view the current accounts.) Prepare Johnson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities Alex Montanaro 12/10/23 4:32 F 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 i the statement, leave the box empty, do not select a label or enter a zero.) Data table Johnson, 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 Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Data table Transaction Data for 2024: Issuance of common stock for cash $ 35,000 Payment of notes payable Depreciation expense 22,000 Payment of cash dividends Purchase of equipment with cash 69,000 Issuance of notes payable to borrow cash Acquisition of land by issuing long-term notes payable 116,000 Gain on sale of building Book value of building sold 53,000 Net income Current Assets 2024 2023 Cash Accounts Receivable Merchandise Inventory S 93,600 $ 18,000 64,000 69,600 84,000 78,000 Current Liabilities Accounts Payable 58,300 56,100 Income Tax Payable 14,600 17.200 Print Done $ 42,100 51.000 57,000 6,000 Clear all Ch 71,500
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