Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2024:...

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Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2024: 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.) Morston, 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 Cash Flows from Investing Activities: Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2024: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2023 Cash Balance, December 31, 2024 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Data table - r Mors con to on's st Transaction Data for 2024: Issuance of common stock for cash $ 36,000 Payment of notes payable $ 44,100 Depreciation expense 26,000 Payment of cash dividends 51,000 Purchase of equipment with cash 76,000 Issuance of notes payable to borrow cash 64,000 Acquisition of land by issuing long-term notes payable 113,000 Gain on sale of building 6,000 Book value of building sold 58,000 Net income 66,500 =tatem we the St Data table Year from Operating Activities: s to Reconcile Net Income t (Used for) Operating Activi Print Done 2024 2023 Current Assets: Cash Accounts Receivable Merchandise Inventory $ 103,400 $ 21,000 64,500 69,500 81,000 78,000 Current Liabilities: Accounts Payable 58,000 55,300 Income Tax Payable 15,000 16,700 - X cre Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2024: 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.) Morston, 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 Cash Flows from Investing Activities: Accountants for Morston, Inc. have assembled the following data for the year ended December 31, 2024: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2023 Cash Balance, December 31, 2024 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Data table - r Mors con to on's st Transaction Data for 2024: Issuance of common stock for cash $ 36,000 Payment of notes payable $ 44,100 Depreciation expense 26,000 Payment of cash dividends 51,000 Purchase of equipment with cash 76,000 Issuance of notes payable to borrow cash 64,000 Acquisition of land by issuing long-term notes payable 113,000 Gain on sale of building 6,000 Book value of building sold 58,000 Net income 66,500 =tatem we the St Data table Year from Operating Activities: s to Reconcile Net Income t (Used for) Operating Activi Print Done 2024 2023 Current Assets: Cash Accounts Receivable Merchandise Inventory $ 103,400 $ 21,000 64,500 69,500 81,000 78,000 Current Liabilities: Accounts Payable 58,000 55,300 Income Tax Payable 15,000 16,700 - X cre