Ryle Exercise Equipment, Inc. reported the following financial statements for 2024: (Click the icon to view the income statement.) Prepare the company's statement of cash flows-indirect methodfor the year ended December 31, 2024. Assume investments are purchased with cash. (Use a minus sign on 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.) (Click the icon to view the comparative balance sheet.) A Click the icon to view additional information.) .. Complete the statement one section at a time, beginning with the cash flows from operating activities. Data table Ryle Exercise Equipment, Inc. Statement of Cash Flows Ryle Exercise Equipment, Inc. Year Ended December 31, 2024 Income Statement Cash Flows from Operating Activities: Year Ended December 31, 2024 Net Income Net Sales Revenue $ 715,000 Adjustments to Reconcile Net Income to Net Cash Cost of Goods Sold 343,000 Provided by (Used for) Operating Activities: Gross Profit 372.000 Operating Expenses Depreciation Expense S 49,000 180,000 Other Operating Expenses 229,000 Total Operating Expenses $ 143,000 Net Income Net Cash Provided by (Used for) Operating Activities Print Done Data table Ryle Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Assets Current Assets: 19,000 $ 14,000 52.000 83,000 45,000 93,000 Cash Accounts Receivable Merchandise Inventory Long-term Assets Plant Assets Accumulated DepreciationPlant Assets Investments 270.100 227,900 (41.100) 92,000 475,000 $ (38,900) 78,000 $ 419,000 Total Assets Liabilities 81,000 $ 4,000 77,000 5,500 58,000 70,000 Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity $ Total Liabilities and Stockholders' Equity 143,000 152,500 48,000 284,000 35,000 231,500 332,000 266,500 475,000 $ 419,000 More info Ryle calculated the following amounts for 2024: Acquisition value of plant assets, $89,000. Payment of dividends, $90,500. Payment of long-term notes payable, $12,000. Cash receipt from issuance of common stock, $13,000. Ryle Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $46,800. No cash was received upon disposal