Cooper's Company
	Income Statement Year Ended 12/31/2024
Sales		$216,000
Cost of Good Sold		-72,810
Gross Profit		$143,190
Operating Expenses:
Depreciation Expense	$26,460
Other Expenses	43,200
Interest Expense	1,800
Total Operating Expenses		-71,460
Operating Income		71,730
Loss on Sale of Equipment		-7,560
Income Before Taxes		64,170
Income Tax Expenses		-24,885
Net Income		$55,575
	Cooper's Company
	Comparative Balance Sheet
	Years Ended 2024 and 2023
	2024		2023
ASSETS
Cash	$22,176		$20,736
Accounts Receivable	28,962		26,460
Inventory	65,813		55,539
Long-Term Investments	50,310		50,760
Machinery	157,950		130,950
Accumulated Depreciation	-30,195		-28,080
TOTAL ASSETS	$295,016		$256,365
LIABILITIES & STOCKHOLDERS' EQUITY
Accounts Payable	$58,500		$36,342
Income Tax Payable	9,653		9,180
Notes Payable - Long-term	43,875		59,400
Common Stock	105,300		86,400
Paid-In-Capital	11,700		8,100
Retained Earnings	65,988		56,943
TOTAL LIAB & S/E	$295,016		$256,365
Additional information:
(1) Cash dividends of $30,240 were paid.
(2) New machinery was purchased for $61,120 cash.
(3) Old machine was sold at a loss of $7560.
(4) There was no gain or loss on the sales of the long-term investments, nor on the note paid.
(5) Additional shares of stock were issued for cash.

REQUIRED:

(1) Prepare a complete Statement of Cash Flows for Year Ended 2024 using the Indirect Method

(2) Prepare ONLY the Operating Activities of the Statement of Cash Flows for Year Ended 2024 using the Direct method