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A (Click the icon to view the in Data table ements. equirement 1. Prepare the 206 ox ompty; do not select a label thi result in a decrease in cash. If a box l Complete the statement one sec Data table \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Digital Subscriptions, Inc. \\ Comparative Balance Sheet \\ December 31,2024 and 2023 \end{tabular}} \\ \hline & & \multicolumn{2}{|r|}{2024} & 2023 \\ \hline \multicolumn{5}{|c|}{ Assets } \\ \hline \multicolumn{5}{|l|}{ Current Assets: } \\ \hline Cash & & $ & 26,200$ & 15,200 \\ \hline Accounts Receival & & & 26,700 & 25,200 \\ \hline Merchandise Inven & tory & & 79,300 & 91,700 \\ \hline \multicolumn{5}{|l|}{ Long-term Assets: } \\ \hline Land & & & 34,700 & 13,000 \\ \hline Plant Assets & & & 117,180 & 102,380 \\ \hline \multicolumn{2}{|c|}{ Accumulated Depreciation-Plant Assets } & & (15,280) & (14,680) \\ \hline Total Assets & & $ & 268,800$ & 232,800 \\ \hline \multicolumn{5}{|c|}{ Liabilities } \\ \hline \multicolumn{5}{|l|}{ Current Liabilities: } \\ \hline Accounts Payable & & $ & 35,200$ & 30,900 \\ \hline Accrued Liabilities & & & 27,900 & 30,400 \\ \hline \multicolumn{5}{|l|}{ Long-term Liabilities: } \\ \hline Notes Payable & & & 75,000 & 101,000 \\ \hline Total Liabilities & & & 138,100 & 162,300 \\ \hline \end{tabular} More info Additionally, Digital Subscriptions purchased land of $21,700 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 $14,100. The plant acquisition was for cash. Requirements 1. Prepare the 2024 statement of cash flows by the direct method. 2. How will what you learned in this problem help you evaluate an investment? The 2024 income statement and comparative balance sheet of Digital Subscriptions, Inc. follow: Fif (Click the icon to viow the income statement) (1) (Cick the icon to view the additional information) IfIf (Click the icon to view the comparative balance sheet) Read the Requirement 1. Prepare the 2024 Statement of Cash Flows by the direct method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. if a box emply, do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activitios. The 2024 income statement and comparative balance sheet of Digital Subscriptions, Inc. follow: (Click tho icon to viow the income stalement.) (i) (Click the icon to view the Read the A. Leam how to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay its debts and dividends B. Leam how operating activities, investing activities, and financing activities generate cash receipts and cash payments C. Both A and B D. None of the above
