Please complete the Statement of Cash Flows

The data is found in the Mcknight Inc. pages. Please use that information to fill in the cashflows statement, net income, etc. as liated in the previous pictures. Thank you for your time.

Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense -Plant Assets Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Receipt from Issuance of Common Stock Cash Payment of Dividends Cash Payment of Notes Payable Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2023 Cash Balance, December 31, 2024 Non-cash Investing and Financing Activities: Acquisition of Land by Issuing Long-term Notes Payable Total Non-cash Investing and Financing Activities 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 select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. One Stop, Inc. Comparative Balance Sheet December 31,2024 and 2023 20242023 Assets Current Assets: Long-term Assets: Land Plant Assets \begin{tabular}{rlr} 118,190 (19,290) & 110,520 (17,820) \\ \hline$ & 267,000$ & 236,600 \\ \hline \hline \end{tabular} Total Assets Llabillties Current Liabilities: Accounts Payable Accrued Llabilities $35.200$28,60030,50030,900 Long-term Liabilities: Notes Payable Total Liabilities \begin{tabular}{r|r} 74,000 & 101,000 \\ \hline 137,800 & 162,400 \end{tabular} Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Llabilities and Stockholders' Equity \begin{tabular}{rrr} 88,600 & 64,300 40,600 & 9,900 \\ \hline & 129,200 & 74,200 \\ \hline$ & 267,000 & $236,600 \\ \hline \hline \end{tabular} One Stop, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit $438,000203,200234,800 Operating Expenses: \begin{tabular}{lrl} Salaries Expense & $ & 75,400 \\ Depreciation Expense Plant Assets & 14,100 \\ & 10,900 \\ \hline Other Operating Expenses & \\ \hline \end{tabular} Total Operating Expenses Operating Income 134,400100,400 Other Income and (Expenses): Interest Revenue 8,800(21,600) Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income (12,800)121,60019,700$101,900 More info Additionally, One Stop purchased land of $22,900 by financing it 100% with long-term notes payable during 2024. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,630. The plant acquisition was for cash