= Homework: Ch14-HW Question 2, PF14-35A ( Part 1 of 7 Data table The comparative balance sheet of Smithson Educational Supply at December 31, 2024, reported the following: (Click the icon to view the comparative balance sheet.) Smithson's transactions during 2024 included the following: (Click the icon to view the transactions.) Read the requirements. Smithson Educational Supply 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 Data table 2024 2023 Current Assets: Cash $ 82,000 $ 18,500 Accounts Receivable 14,900 21,300 Merchandise Inventory 63,600 60,200 Current Liabilities: Accounts Payable 30,600 29,100 Accrued Liabilities 11,200 11,700 Print Done Payment of cash dividends $ 21,200 Depreciation expense $ 16,900 Purchase of equipment with cash 54,800 Purchase of building with cash 99,000 Issuance of long-term notes payable to borrow cash 45,000 Net income 58,600 Issuance of common stock for cash 114,000