Requirements 1. Prepare the statement of cash flows of Carlson Educational Supply for the year ended December 31, 2024. Use the indirect method to report cash flows from operating activities. 2. Evaluate Carlson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. 3. If Carlson plans similar activity for 2025, what is its expected free cash flow? Print Done Minimi $ 54,500 Requirement 1. Prepare the statement of cash flows of Carlson Educational Supply for the year ended Decemb De acentheses for amounts that resat in a decenase in cash. If a box is not used in the statement leave the hex Data table Payment of cash dividends Purchase of equipment with cash Data tablet Current Assets 2024 2023 Cash $ 89,000 $ 18,000 17,200. Depreciation expense $ 17,100 Accounts Receivable 15,000 21.900 Purchase of building with cash 105,000 Merchandise Inventory 63,600 58,600 Issuance of long-term notes payable to borrow cash 50,000 Net income 61,000 Current Liabilities Issuance of common stock for cash 115,000 Accounts Payable 31.600 27,600 Accrued Liabilities 10,500 11.800 Print Done Print Done