= Homework: Chapter 14 Homework Question 1, PF14-34A (s... Part 1 of 6 HW Score: 0%, 0 of 10 points O Points: 0 of 5 Save (Click the icon to view the additional information.) The 2024 income statement and comparative balance sheet of Digital Subscriptions, Inc. follow. (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Prepare the 2024 statement of cash flows, formatting operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty, do not sele Data table Data table Complete the statement one section at a time, beginning with the cash flows from operating activities. Digital Subscriptions, 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: Digital Subscriptions, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Digital Subscriptions, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Assets Current Assets $ 435,000 206.200 $ 15,500 Cost of Goods Sold Cash Accounts Receivable 26,600 $ 26,400 25,500 Gross Profit 228,800 79,100 91,100 Merchandise Inventory Long-term Assets: Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets $ 78,400 Land 34,500 11,000 14,900 10,600 Plant Assets 122,050 (21,150) 107,520 (17,820) 103,900 Accumulated DepreciationPlant Assets Net Cash Provided by (Used for) Operating Activities $ 267,500 S Total Assets 232,800 Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 124,900 Liabilities Current Liabilities: Requirements 8,500 (21,000) Accounts Payable $ 35,500 5 30,200 Interest Expense 28,600 30,000 (12,500) Total Other Income and (Expenses) Net Income Before Income Taxes Accrued Liabilities Long-term Liabilities: 1. Prepare the 2024 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned i this problem help you evaluate an investment? 112.400 19,200 76,000 101,000 Income Tax Expense Notes Payable Total Liabilities 140,100 161,200 93,200 Net Income Stockholders' Equity Common Stock, no par 88,100 39,300 64,800 6,800 Print Done Retained Earnings [ Print Done 127,400 71,600 Total Stockholders' Equity 267,500 $ 232,800 Total Liabilities and Stockholders' Equity Help me solve this Etext pages Get more help = Homework: Chapter 14 Homework Question 1, PF14-34A (s... Part 1 of 6 HW Score: 0%, 0 of 10 points O Points: 0 of 5 Save (Click the icon to view the additional information.) The 2024 income statement and comparative balance sheet of Digital Subscriptions, Inc. follow. (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Prepare the 2024 statement of cash flows, formatting operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty, do not sele Data table Data table Complete the statement one section at a time, beginning with the cash flows from operating activities. Digital Subscriptions, 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: Digital Subscriptions, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Digital Subscriptions, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Assets Current Assets $ 435,000 206.200 $ 15,500 Cost of Goods Sold Cash Accounts Receivable 26,600 $ 26,400 25,500 Gross Profit 228,800 79,100 91,100 Merchandise Inventory Long-term Assets: Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets $ 78,400 Land 34,500 11,000 14,900 10,600 Plant Assets 122,050 (21,150) 107,520 (17,820) 103,900 Accumulated DepreciationPlant Assets Net Cash Provided by (Used for) Operating Activities $ 267,500 S Total Assets 232,800 Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 124,900 Liabilities Current Liabilities: Requirements 8,500 (21,000) Accounts Payable $ 35,500 5 30,200 Interest Expense 28,600 30,000 (12,500) Total Other Income and (Expenses) Net Income Before Income Taxes Accrued Liabilities Long-term Liabilities: 1. Prepare the 2024 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned i this problem help you evaluate an investment? 112.400 19,200 76,000 101,000 Income Tax Expense Notes Payable Total Liabilities 140,100 161,200 93,200 Net Income Stockholders' Equity Common Stock, no par 88,100 39,300 64,800 6,800 Print Done Retained Earnings [ Print Done 127,400 71,600 Total Stockholders' Equity 267,500 $ 232,800 Total Liabilities and Stockholders' Equity Help me solve this Etext pages Get more help