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Stenback Media Corporation had the following income statement and balance sheet for 2024: (Click the icon to view the income statement.) (Click the icon
Stenback Media Corporation had the following income statement and balance sheet for 2024: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) During the year Stenback issued a $5,300 note payable. Stenback acquired equipment worth $21,000, and made payments on the long-term notes payable in the amount of $8,300 during the year. Assume the company paid cash for the acquisition of plant assets. Prepare Stenback Media's statement of cash flows-indirect method-for the year ended December 31, 2024. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that resu not select a label or enter a zero.) Data table Stenback Media Corporation Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Help me solve this Etext pages Get more help Medi Data table December 31, 2024 and 2023 Assets 2024 2023 Current Assets: Cash 4,500 $ 8,600 4,100 8,300 Accounts Receivable Long-term Assets: Plants Assets 109,350 88,350 Accumulated Depreciation-Plant Assets (40,350) (21,350) $ 82,100 $ 79,400 Total Assets Liabilities Stenback Media Corporation Current Liabilities: Income Statement Accounts Payable 9,500 $ 7,000 Year Ended December 31, 2024 Long-term Liabilities: Sales Revenue $ 75,000 12,000 15,000 Notes Payable Depreciation Expense-Plant Assets 19,000 49,000 Total Liabilities 21,500 22,000 Other Expenses Stockholders' Equity 7,000 Net Income Common Stock, no par 25,000 24,000 Retained Earnings 35,600 33,400 Total Stockholders' Equity 60,600 57,400 Print Done $ 82,100 $ 79,400 Total Liabilities and Stockholders' Equity
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