Requirement 1. Prepare the statement of cash flows of Morgensen Educational Supply for the year ended December 31, 2024.

Use the indirect method to report 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.)

Complete the statement one section at a time, beginning with the cash flows from operating activities.

Requirment 2: Requirement 2. Evaluate Morgensen's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation.

Complete the following statements to evaluate Morgensen's cash flows.

1. Operations are _____ cash.

Options:

generating or Using up

2. The company is _____ plant assets.

options: divesting itself of or investing in new that's extra cost

3. Cash ____ during the year.

Options:

Decreased or increased

4. For the reasons given, morgensen's cash flow look ______.

Options: Strong or weak

Requirement 3. If Morgensen plans similar activity for 2025 what is its expected free cash flow? (Use a minus sign or parentheses for amounts that result in a decrease in cash. Abbreviations used: Cash pmts for planned invest. = Cash payments for planned investments in long-term assets; NCOA = Net cash provided by operating activities; NCFA = Net cash provided by financing activities.)

Select the labels and enter the amounts to calculate Morgensen's expected free cash flow for 2025.

Data table for the year ended December 31, 2024. r enter a zero.) ating activities. Morgensen's transactions during 2024 included the following: IFH (Click the icon to view the transactions.) Data table Requirements 1. Prepare the statement of cash flows of Morgensen Educational Supply for the year ended December 31,2024 . Use the indirect method to report cash flows from operating activities. 2. Evaluate Morgensen's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. 3. If Morgensen plans similar activity for 2025 , what is its expected free cash flow? Morgensen Educational Supply Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Adjustment's to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Acquisition of Building Acquisition of Equipment Cash Payment of Dividends Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Decrease in Accounts Receivable Decrease in Accrued Liabilities Depreciation Expense-Plant Assets Increase in Accounts Payable Increase in Merchandise Inventory Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net increase (Decrease) in Cash Cash Balance, December 31, 2023 Cash Balance, December 31, 2024 Cash dividends For the reasons gwen above, Morgensen's cash flows lock Cash pmts for planned irvest. Requirement 3. If Morgensen plons similar activty for 2025. what is its exp. NCFA longterm asses, NOOA = Net cash prouded oy operating actintios, NCFA barentheses for amou Select the labels and enter the amounts to calculate Morgensen's expected NCOA