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Data table Sutton Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 Assets Current Assets: Liabilities Current Liabilities: Accounts Payable Salaries Payable
Data table Sutton Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 Assets Current Assets: Liabilities Current Liabilities: Accounts Payable Salaries Payable $4,00077,000$6,0008,000 Long-term Liabilities: \begin{tabular}{|lrr|} \hline Accounts Receivable & 51,000 & 48,000 \\ \hline Merchandise Inventory & 82,000 & 93,000 \\ \hline Long-term Assets: & & \\ \hline Plant Assets & 262,500 & 212,600 \\ \hline Accumulated Depreciation_Plant Assets & (37,500) & (33,600) \\ \hline Investments & 91,000 & 76,000 \\ \hline Total Assets & $470,000 & $414,000 \\ \hline \hline \end{tabular} Liabilities Current Liabilities: Long-term Liabilities: Sutton calculated the following amounts for 2024: - Acquisition value of plant assets, $92,000. - Payment of dividends, $51,000. - Payment of long-term notes payable, $12,000. - Cash receipt from issuance of common stock, $15,000. Sutton Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $42,100. No cash was received upon disposal. Sutton Exercise Equipment, Inc. reported the following financial statements for 2024: Prepare the company's statement of cash flows_-indirect method-for the year (Click the icon to view the income statement.) ended December 31, 2024. Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box (Click the icon to view the comparative balance sheet.) is not used in the statement, leave the box empty; do not select a label or enter (Click the icon to view additional information.) a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities
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