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Preston Media Corporation had the following income statement and balance sheet for 2024 K (Click the loon to view the income statement.) (Click the
Preston Media Corporation had the following income statement and balance sheet for 2024 K (Click the loon to view the income statement.) (Click the icon to view the balance sheet.)) During the year Preston issued a $4,400 note payable. Preston acquired equipment worth $21,000, and made payments on the long-term notes payable in the amount of $7,400 during the year, Assume the company paid cash for the acquisition of plant assets. Prepare Preston 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) Preston Media Corporation Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities
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