Prepare Jackson's of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities.

Net Cash Provided by (Used for) Operating Activities

Cash Flows from Investing Activities:

Jackson, Inc. Statement of Cash Flows 66,000 Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense Gain on Sale of Building Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Income Tax Payable 23,000 (5,000) 4,500 (10,000) 1,700 (2,000) $ 66,000 GA Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense Gain on Sale of Building Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Income Tax Payable 23,000 (5,000) 4,500 (10,000) 1.700 (2,000) 12,200 78,200 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Gain on Sale of Building (5,000) Decrease in Accounts Receivable 4,500 Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Income Tax Payable (10,000) 1,700 (2,000) 12,200 78,200 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities i Data Table 2024 2023 Current Assets: Cash $ 106,100 $ 21,000 64,300 68,800 Accounts Receivable Merchandise Inventory Current Liabilities: 86,000 76,000 58,000 56,300 Accounts Payable Income Tax Payable 14,900 16,900 Print Done ck Check Answer. - Data Table Transaction Data for 2024 Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 40,000 23,000 70,000 118,000 60,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building Net income $ 43,100 46,000 61,000 5,000 66,000 Print Done