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Kyler Media Corporation had the following income statement and balance sheet for 2024: E: (Click the icon to view the income statement.) 5 (Click the
Kyler Media Corporation had the following income statement and balance sheet for 2024: E: (Click the icon to view the income statement.) 5 (Click the icon to view the balance sheet.) During the year Kyler issued a $5,100 note payable. Kyler acquired equipment worth $18,000, and made payments on the long-term notes payable in the amount of $6,100 during the year. Assume the company paid cash for the acquisition of plant assets. Prepare Kyler Media's statement of cash flows-indirect methodfor the year ended December 31, 2024. Complete the statement one section at a time, beginning with the cash flows from operating activities. (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 select a label or enter a zero.) Kyler Media Corporation Statement of Cash Flows Data Table Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Kyler Media Corporation Adjustments to Reconcile Net Income to Income Statement Net Cash Provided by Operating Activities: Year Ended December 31, 2024 Sales Revenue $ 75,000 Depreciation Expense-Plant Assets 17,000 51,000 Other Expenses $ 7,000 Net Income Net Cash Provided by (Used for) Operating Activities Print Done Kyler Media Corporation Comparative Balance Sheet December 31, 2024 and 2023 Assets 2024 2023 Current Assets: Cash $ 4,800 $ 3,500 Accounts Receivable 11,100 4,100 Long-term Assets: Plants Assets 104,350 86,350 Accumulated Depreciation-Plant Assets (33,350) (16,350) $ 86,900 $ 77,600 Total Assets Liabilities Current Liabilities: Accounts Payable $ 9,000 $ 5,500 Long-term Liabilities: 10,000 11,000 Notes Payable 16.500 19.000 Totallibilities Plants Assets 104,350 86,350 -e Accumulated Depreciation-Plant Assets (33,350) (16,350) $ 86,900 $ 77,600 Total Assets Liabilities Current Liabilities: Accounts Payable $ 9,000 $ 5,500 Long-term Liabilities: 10,000 11,000 Notes Payable Total Liabilities 19,000 16,500 Stockholders' Equity Common Stock, no par 22,000 45,900 14,000 47,100 Retained Earnings 67,900 61,100 Total Stockholders' Equity $ 86,900 $ 77,600 Total Liabilities and Stockholders' Equity
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