Boca Inc. Balance Sheets Additional Informat 1. Old plant assets having an original cost of $57,500 and accumulated depreciation of $45,700 were sold for $1,500 cash. 2. A new plant asset was purchased directly in exchange for common stock valued at $40,000. 3. New bonds were issued at par for $60,000. 4. 2024 Net income was $154,480. 5. A \$1,000 prior period adjustment was recorded in 2024 to correct an overstatement of depreciation in 2021. The 2023 balance sheet is appropriately restated. 6. The increase in Long-term Investments was due to a purchase of investments. Required 1. Prepare a 2024 statement of cash flows using the indirect method. Use the textbook format examples for Tax Consultants. Do not submit supporting computations