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Accountants for Morston, Inc. have assembled the following data for the year ended Decomber 31,2024 (Click the icon to view the current accounts:) (Click the

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Accountants for Morston, Inc. have assembled the following data for the year ended Decomber 31,2024 (Click the icon to view the current accounts:) (Click the icon to view the transaction data) Prepare Morston'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 activitios. (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) \begin{tabular}{lcc} \hline & 2024 & 2023 \\ \hline Current Assets: & & \\ Cash & $110,000 & $22,000 \\ Accounts Receivable & 63,900 & 69,000 \\ Merchandise Inventory & 84,000 & 76,000 \\ Current Liabilities: & & \\ Accounts Payable & 57,400 & 55,500 \\ Income Tax Payable & 14,900 & 16,300 \\ \hline \end{tabular} \begin{tabular}{lrlr} \hline Transaction Data for 2024: & & & \\ \hline Issuance of common stock for cash & 39,000 & Payment of notes payable & 51,1 \\ Depreciation expense & 26,000 & Payment of cash dividends & 47,0 \\ Purchase of equipment with cash & 71,000 & Issuance of notes payable to borrow cash & 66,00 \\ Acquisition of land by issuing long-term notes payable & 116,000 & Gain on sale of building & 3,00 \\ Book value of building sold & 55,000 & Net income & 73,500 \\ \hline \end{tabular} \begin{tabular}{lcc} \hline & 2024 & 2023 \\ \hline Current Assets: & & \\ Cash & $110,000$ & 22,000 \\ Accounts Receivable & 63,900 & 69,000 \\ Merchandise Inventory & 84,000 & 76,000 \\ Current Liabilities: & & \\ Accounts Payable & 57,400 & 55,500 \\ Income Tax Payable & 14,900 & 16,300 \\ \hline \end{tabular} Data table Accountants for Morston, Inc have assembled the following data for the year ended December 31,2024 : (Click the icon to view the current accounts.) (Cick the icon to view the transaction data) Prepare Morston'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)

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