McKnight 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 McKnight issued a $5,000 note payable. McKnight acquired equipment worth $22,000, and made payments on the long-term notes payable in the amount of $7,000 during the year Assume the company paid cash for the acquisition of plant assets Prepare McKnight Media's statement of cash flows-indirect method-for 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 McKnight Media Corporation Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities Net Income S 18,000 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Expense S 12,000 Increase in Accounts Receivable (8600) Help me solve this Etext pages Get more help- Clear all Final check Media 4