SRS recorded the following financial events during the $2024$ fiscal year:

On September $1,$ SRS took out a $$200,000$ bank loan with an annual interest rate of $4\mathrm{.}5$ percent. SRS$$s prior outstanding loan has an annual interest rate of $6\mathrm{.}0$ percent. Annual interest payments on both loans are due August $31.$

Halfway through the fiscal year, SRS used the new loan proceeds to purchase a new set that is expected to last $10$ years and have no salvage value. SRS also recorded $$5,000$ in depreciation on its existing equipment, per its policy of recording depreciation annually.

On the first day of the fiscal year, SRS held a membership drive. Each $2-$year membership is priced at $$1,000$ and entitles the member to benefits for $2$ years. SRS sold and received payment for $50$ memberships.

SRS sold $$375,000$ in tickets. All tickets were paid for in cash.

SRS received a $$100,000$ check for a foundation grant that was awarded in the previous fiscal year. During the year, SRS was awarded another $$50,000$ foundation grant. Payment on the second grant is expected in October $2024.$

During the fiscal year, SRS received $$60,000$ in new donor pledges and collected $75$ percent of those pledges. SRS also collected $60$ percent of the outstanding pledges from the previous fiscal year. Based on past experience, SRS expects that none of the remaining outstanding pledges from the prior fiscal year will be collected.

Throughout the year, SRS ordered, paid for, and used $$15,000$ of program booklets. In August, SRS ordered $($on account$)$ $$5,000$ of programs for the following fiscal year.

SRS$$s employees earned $$25,000$ per month. Employees are paid with a $1-$month lag. SRS also fully paid its prior$-$year obligations to employees.

Payments on SRS$$s operating leased vehicles and equipment are due $1$ month in advance. Currently lease payments totaled $$10,000$ per month. Next year, they will rise to $$12,000$ per month.

On August $31,$ in addition to making annual interest payments SRS repaid the loan outstanding prior to FY $2024$ in full. A $$25,000$ principal repayment on the loan taken out at the beginning of FY $2024$ is due on September $1,2024.$

Prepare an activity statement $($operating statement$),$ a comparative statement of financial position $($balance sheet$),$ and a statement of cash flows $($using both the direct and indirect methods$).$ What do you learn from these statements, and what questions do they raise?