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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 current accounts.) E:
Accountants for Johnson, Inc. have assembled the following data for the year ended December 31, 2024: (Click the icon to view the current accounts.) E: (Click the icon to view the transaction data.) Prepare Johnson'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.) Johnson, Inc. Data table 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: 2024 2023 Current Assets Cash $ 95,700 $ 22,000 64,600 86,000 68,800 83,000 Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 57,700 56,100 17,000 14.500 Net Cash Provided by (Used for) Operating Activities Diet Nona Data table $ 46.000 $ 49,100 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 75,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building Net income 53,000 61,000 122,000 4.000 53,000 73,500 Help me solve this Demodocs example Get more help Clear all Check answer Drint Dono
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