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please answer all requirements with clear notes so i am able to understand please answer all requirements with clear notes so i am able to

please answer all requirements with clear notes so i am able to understand

please answer all requirements with clear notes so i am able to understandimage text in transcribed

Ryle Exercise Equipment, Inc. reported the following financial statements for 2024: (Click the icon to view the income statement.) Prepare the company's statement of cash flows-indirect methodfor the year ended December 31, 2024. Assume investments are purchased with cash. (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.) (Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Data Table Data Table Complete the statement one section at a time, beginning with the cash flows from operating activities. Ryle Exercise Equipment, Inc. Ryle Exercise Equipment, Inc. Ryle Exercise Equipment, Inc. Income Statement Comparative Balance Sheet Statement of Cash Flows Year Ended December 31, 2024 Year Ended December 31, 2024 December 31, 2024 and 2023 2024 2023 Cash Flows from Operating Activities: Net Sales Revenue $ 711,000 Net Income 347,000 Assets Cost of Goods Sold Current Assets Adjustments to Reconcile Net Income to Net Cash Gross Profit 364,000 Provided by (Used for) Operating Activities: Cash $ Operating Expenses: 22,000 $ 18,000 Accounts Receivable 56,000 47,000 Depreciation Expense $ 48,000 185,000 Merchandise Inventory 80,000 85,000 Other Operating Expenses 233,000 Long-term Assets: Total Operating Expenses Plant Assets 268,500 222,800 $ 131,000 Net Income Accumulated Depreciation Plant Assets (43,500) (37,800) Investments 94,000 71,000 Print Done 477,000 $ 406,000 Total Assets Net Cash Provided by (Used for) Operating Activities Liabilities More Info Current Liabilities: Accounts Payable $ 77,000 $ 76,000 Salaries Payable 2,000 7,000 Ryle calculated the following amounts for 2024: - Acquisition value of plant assets, $88,000 - Payment of dividends, $62,000. Payment of long-term notes payable, $9,000. Cash receipt from issuance of common stock, $15,000. Long-term Liabilities: Notes Payable 57,000 66,000 Total Liabilities 136,000 149,000 Ryle Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $42,300. No cash was received upon disposal. Stockholders' Equity Common Stock, no par 46,000 31,000 Retained Earnings 295,000 226,000 Print Done 341,000 257,000 Total Stockholders' Equity 477,000 $ 406,000 Total Liabilities and Stockholders' Equity Choose from any list or enter any number in the input fields and then click Check

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