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. Additionally, Get Wired purchased land of $24,400 by financing it 100% with long-term notes payable during 2024. During the year, there were no sales

Additionally, Get Wired purchased land of \( \$ 24,400 \) by financing it \( 100 \% \) with long-term notes payable during 20 .

Requirement 1. Prepare the 2024 Statement of Cash Flows by the direct method. (Use a minus sign or parentheses for amounts th

1. Prepare the 2024 statement of cash flows by the direct method. 2. How will what you learned in this problem help you evalu 

Get Wired, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit 236,800 Opera

Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit 236,800 Operating Expenses:

Get Wired, Inc. Comparative Balance Sheet December 31, 2024 and 2023 \[ 2024 \quad 2023 \] Assets Current Assets: Liabilities

Long-term Assets: \begin{tabular}{lrr} Land & 35,400 & 11,000 \\ \hline Plant Assets & 117,520 & 110,520 \\ Accumulated Depr

Total Cash Payments Net Cash Provided by (Used for) Openating Activites  
 
 

Additionally, Get Wired purchased land of $24,400 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 $10,200. The plant acquisition was for cash.

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