Additional Information

Dividend revenue is recognized on the cash basis. All other income statement amounts are recognized'on the accrual basis.

Operating expenses include depreciation expense of $$115,000.$

Required:

a$.$ Prepare a partial statement of cash flows, including only the operating activities section of the statement and using the direct method.

Note: List cash outflows as negative amounts.

OMEGA, INCORPORATED

Partial Statement of Cash Flows

For the Year Ended December $31,2024$

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