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Kyler Media Corporation had the following income statement and balance sheet for 2024: (Click the icon to view the income statement.) Click the icon to
Kyler Media Corporation had the following income statement and balance sheet for 2024: (Click the icon to view the income statement.) Click the icon to view the balance sheet.) During the year Kyler issued a $4,900 note payable. Kyler acquired equipment worth $23,000, and made payments on the long-term notes payable in the amount of $7,900 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. Data Table Kyler Media Corporation Comparative Balance Sheet December 31, 2024 and 2023 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 bo Kyler Media Corporation Statement of Cash Flows Year Ended December 31, 2024 Data Table Cash Flows from Operating Activities: Net Income $ 21,000 Kyler Media Corporation Adjustments to Reconcile Net Income to Income Statement Net Cash Provided by Operating Activities: Year Ended December 31, 2024 2024 Assets 2023 Current Assets Cash $ 5,400 $ 3,800 $ 83,000 Sales Revenue Depreciation ExpensePlant Assets Other Expenses Accounts Receivable 8,600 7.100 Long-term Assets Plants Assets 109,350 86,350 (32,350) (22,350) Accumulated DepreciationPlant Assets $ 91,000 $ 74,900 Total Assets 10,000 52,000 $ 21,000 Net Income Net Cash Provided by (Used for) Operating Activities Liabilities Current Liabilities: Print Done $ 7.000 $ 4,000 Accounts Payable Long-term Liabilities 7,000 10,000 Notes Payable Total Liabilities 14,000 14,000 Stockholders' Equity Common Stock, no par 25,000 52,000 21,000 39,900 Retained Earnings Total Stockholders' Equity 77,000 60,900 $ 91,000 $ 74,900 Total Liabilities and Stockholders' Equity Help Me Solve This e Text Pages Get More Help Media Kyler Media Corporation had the following income statement and balance sheet for 2024: Click the icon to view the income statement.) Click the icon to view the balance sheet.) During the year Kyler issued a $4,900 note payable. Kyler acquired equipment worth $23,000, and made payments on the long-term notes payable in the amount of $7,900 during the year. Assume the company paid cash for the acquisition of plant assets. Prepare Kyler Media's statement of cash flowsindirect 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 Year Ended December 31, 2024 Data Table Cash Flows from Operating Activities: Net Income $ 21,000 Kyler Media Corporation Adjustments to Reconcile Net Income to Income Statement Net Cash Provided by Operating Activities: Year Ended December 31, 2024 Sales Revenue $ 83,000 Depreciation ExpensePlant Assets 10,000 52,000 Other Expenses $ 21,000 Net Income Net Cash Provided by (Used for) Operating Activities Print Done
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