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Accountants for Morganson, Inc. havessembled the following data for the year ended December 31, 2004 Click the icon to view the current account mick the
Accountants for Morganson, Inc. havessembled the following data for the year ended December 31, 2004 Click the icon to view the current account mick the icon to view the transaction data) Prepara Morganaon's statement of canh tows using the indirect mathed. Include an accompanying schade of non cash investing and financing we Complete the watement one section at a time, beginning with the cathows from operating activities (ie mus verpresses for amounts are a decrease in can. ita box and the statement save the box, not selecta label or entera Morgenson, Inc. Statement of Cash Flow Year Ended December 31, 2024 Cash Flows from Operating Activities Net Income Adjustments to concle Not come to Net Cash Provided by (Usedon Operating Activities Nel Cash Provided by Used to Opening Check at a tin in the A X Data Table are Sy 2024 2023 Year Current Assets: ties: Cash $ 99,400 $ 25,000 Accounts Receivable 64,100 69,700 ncome t 83,000 75,000 mg Activi Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 55,200 57,600 14,800 16,800 Print Done n cas t resul Data Table Flows $ 38,000 ncome 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 astment vided by 24,000 74,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building Net Income $ 46,100 50,000 62,000 4,500 68,500 119,000 54,000 Print Dono
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