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please help me to find out the solution thank you so much twork analysis... Imported From Sa... Assignment Material 2023 $ 12,125 7,600 355 165

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twork analysis... Imported From Sa... Assignment Material 2023 $ 12,125 7,600 355 165 2,000 85,000 35,000 12,000 CANYON CANOE COMPANY Comparative Balance Sheet December 31, 2023 and 2024 Assets 2024 Current assets Cash $ 523,693 Short-term investments, net 23,840 Accounts receivable, net 2,422 Inventory Office supplies Prepaid rent Property, plant, and equipment Land 155,000 Building 610,000 Canoes 12,000 Office furniture and equipment 150,000 Less: Accum. amort. furn, and equip. 35,180 Total assets $ 1,442,190 Liabilities Current liabilities Accounts payable 6,640 Salaries payable 4,250 Note payable 15,000 Interest payable 350 Unearned revenue 500 Long-term liabilities Note payable 7,200 Mortgage payable 405,000 Bonds payable 210,000 Discount on bonds payable (1.270) Total liabilities 647,670 Shareholders' Equity Preferred shares 70,000 Common shares 336,000 Retained earnings 388,520 Total shareholders' equity 794,520 Total liabilities and shareholders' equity $ 1,442,190 850 $153,040 $ 3,670 1,250 50 350 7,200 12,520 136,000 4,520 140,520 $153.040 Additional data follow: 1. The income statement for 2024 included the following items: WEB/page/a53e9b60b3cb51d4546493f2417993c9b9809605d-P70010163310000 work analysis... Imported From Sa... Assignment Material 500 7,200 Unearned revenue Long-term liabilities Note payable Mortgage payable Bonds payable Discount on bonds payable Total liabilities Shareholders' Equity Preferred shares Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 7,200 405,000 210,000 (1,270) 647,670 12,520 70,000 336,000 388,520 794,520 $1.442.190 136,000 4,520 140,520 $153040 Additional data follow: 1. The income statement for 2024 included the following items: a. Net income, $417,000. b. Amortization expense for the year, $34,330. c. Amortization of discount on the bonds payable, $254. 2. There were no disposals of property, plant, and equipment during the year. All acquisitions of property, plant, and equipment were for cash except the land, which was acquired by issuing preferred shares. 3. The company issued bonds payable with a face value of $210,000, receiving cash of $208,476. 4. All dividends were paid in cash. 5. The common shares were issued for cash. 6. The cash receipt from the note payable in 2024 is considered a financing activity because it does not relate to operations. Required Prepare the statement of cash flows for the year ended December 31, 2024, using the indirect method

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