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 statement, leave the box empty; do not select a label or enter a zero.) Jackson, Inc. Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: 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 Data table 2024 2023 Data table Current Assets Transaction Data for 2024: Issuance of common stock for cash $41,000 Payment of notes payable $44,100 Cash $112.200 $ 26,000 Accounts Receivable 63,000 60,000 Depreciation expense 26,000 Payment of cash dividends 55.000 Merchandise Inventory 85.000 Purchase of equipment with cash 68,000 Issuance of notes payable to borrow cash 65,000 83.000 Current Liabetes: Acquisition of land by issuing long-term notes payable 116,000 Gain on sale of building 5,000 Accounts Payable 58.300 55.500 Book value of building sold. 50.000 Net income 7.500 Income Tax Payable 14,100 16,200