Score. V OLOS Question Help EF 16-24 (similar to) Cast Exercise Equipment, Inc. reported the following financial statements for 2024: Prepare the company's statement of cash flows-Indirect method for the year (Click the icon to view the income statement) ended December 31, 2024. Assume investments are purchased with cash (Ute a minus sign or parenthoses for amounts that result in a decrease in cash. If a box is Click the icon to view the comparative balance shoot) not used in the statomont, leave the box omply do not select a label or entera zero.) (Click the icon to view additional information Complete the statement one section at a time, beginning with the cash flows from operating activities. Cast Exercise Equipment, Inc. Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities Not Income Adjustments to Reconcile Not Income to Net Cash 2 Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All 3 parts remaining ho Net Cash Provided by (Used for) Operating Activities i i Data Table X ht In h th Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 711,000 Cost of Goods Sold 341,000 Gross Profit 370,000 Operating Expenses: Depreciation Expense $ 46,000 180,000 Other Operating Expenses 226,000 Total Operating Expenses $ 144,000 Net Income Print Done X i Data Table h fi str hat em 2024 2023 Assets Current Assets: Cash $ 18,000 $ 17,000 Accounts Receivable 51,000 47,000 Merchandise Inventory 86,000 95,000 Long-term Assets: Plant Assets 263,100 223,400 Accumulated Depreciation-Plant Assets (36,400) (40,100) 100,000 72,000 se Investments e Print Done 1 x i Data Table US $ 478,000 $ 418,000 Total Assets Liabilities Current Liabilities: Accounts Payable $ $ 74,000 $ 73,000 Salaries Payable 4,000 6,000 Long-term Liabilities: 64,000 67,000 Notes Payable Total Liabilities 142,000 146,000 Stockholders' Equity 49,000 32,000 Common Stock, no par Print Done Data Table - X S Accounts Payable $ 74,000 $ 73,000 ng Salaries Payable 4,000 6,000 Long-term Liabilities: 64,000 67,000 Notes Payable Total Liabilities 142,000 146,000 Stockholders' Equity Common Stock, no par 49,000 32,000 287,000 240,000 Retained Earnings 336,000 272,000 Total Stockholders' Equity $ 478,000 $ 418,000 Total Liabilities and Stockholders' Equity Print Done - X E i More Info Cast calculated the following amounts for 2024: Acquisition value of plant assets, $82,000. Payment of dividends, $97,000. Payment of long-term notes payable, $3,000. Cash receipt from issuance of common stock, $17,000. . Cast Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $42,300. No cash was received upon disposal. Print Done