Accounts Receivable 26,400 24,900 79,500 91,600 Merchandise Inventory Long-term Assets: Land 34,500 12,000 Plant Assets 122, 180 (19,280) 113,520 (17,820) Accumulated DepreciationPlant Assets $ 270,000 $ 240,000 Total Assets Liabilities Current Liabilities: Accounts Payable $ 35,900 $ 30,500 Accrued Liabilities 28,600 30,100 Long-term Liabilities: 75,000 100,000 Notes Payable Total Liabilities 139,500 160,600 Stockholders' Equity 88,000 64,100 Common Stock, no par Retained Earnings 42,500 15,300 Total Stockholders' Equity 130,500 79,400 $ 270,000 $ 240,000 Total Liabilities and Stockholders' Equity The 2024 income statement and comparative balance sheet of One Stop, Inc. follow: B (Click the icon to view the income statement.) E (Click the icon to view the comparative balance sheet.) (Click the icon to view the additional information.) Read the requirements Requirement 1. Prepare the 2024 Statement of Cash Flows by the direct method. (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.) Complete the statement one section at a time, beginning with the cash flows from operating activities. One Stop, Inc. Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: Total Cash Payments Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 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 Requirement 2. How will what you learned in this problem help you evaluate an investment? A. Learn how to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay its debts and dividends B. Learn how operating activities, investing activities, and financing activities generate cash receipts and cash payments C. Both A and B D. None of the above - X Data table Data table One Stop, Inc. Income Statement One Stop, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Year Ended December 31, 2024 Net Sales Revenue 2024 2023 $ 437,000 205,200 Assets 231,800 Current Assets: Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets Cash $ 26,700 $ 15,800 $ $ 72,400 Accounts Receivable 26,400 24,900 79,500 91,600 14,700 10,700 Other Operating Expenses Merchandise Inventory Long-term Assets: Land Plant Assets 97,800 Total Operating Expenses 34,500 12,000 113,520 134,000 Operating Income Other Income and (Expenses): 122,180 (19,280) Accumulated DepreciationPlant Assets (17,820) $ 270,000 $ 240,000 Interest Revenue 9,000 Total Assets Interest Expense (21,600) Liabilities Total Other Income and (Expenses) (12,600) Current Liabilities: Net Income Before Income Taxes $ $ 35,900 $ 30,500 121,400 19,800 Accounts Payable Accrued Liabilities Long-term Liabilities: 28,600 Income Tax Expense 30,100 $ 101,600 Net Income 75,000 Nate Doushin 100,000 More info Additionally, One Stop purchased land of $22,500 by financing it 100% with long-term notes payable during 2024. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $13,240. The plant acquisition was for cash