Stenback Media Corporation had the following income statement and balance sheet for 2024

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(Click the icon to view the balance sheet) During the year Stenback issued a $4,500 note payable Stenback acquired equipment worth $18,000, and made payments on the long-term notes payable in the amount of $9,500 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 Cash Flows from Operating Activities: Net Income Etext pages 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 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.) Stenback Media Corporation Statement of Cash Flows Year Ended December 31, 2024 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Increase in Accounts Payable Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities Cash Receipt from Issuance of Common Stock Payment of Note Payable Payment of Cash Dividends Net Cash Provided by (Used for) Investing Activities Get more help - w Document1 - S Do Homewor... 16,000 (1,500) 3,500 18000 (5000) $ 10.000 Question 5, SF16-8 (similar to) Part 2 of 4 18.000 28,000 Chewy-Gram.... Do Homewor... Data table Stenback Media Corporation Income Statement Year Ended December 31, 2024 S Sales Revenue Depreciation Expense-Plant Assets Other Expenses Net Income Enterprise Spe... Print Done Media Corpor... HW Score: 82.49%, 43.72 of 53 points Points: 2.08 of 10 81,000 16,000 55,000 10,000 O Kerri Fisher-L... X Data table Current Assets Cash Long-term Assets: Plants Assets Accounts Receivable Total Assets Current Liabilities Accounts Payable Long-term Liabilities Notes Payable Total Liabilities Emily Zambra... Accumulated Depreciation-Plant Assets Common Stock, no par Retained Earnings Stenback Media Corporation Comparative Balance Sheet December 31, 2024 and 2023 Assets Stockholders' Equity Liabilities Total Stockholders' Equity Total Liabilities and Stockholders' Equity Calculator 10100 Rain S S $ 2024 4,500 $ 7,600 88,350 106,350 (36,350) (20,350) $ 82,100 $ 78,600 9,500 S 2023 11,000 20,500 4,500 6,100 6,000 16,000 22,000 23,000 20,000 38,600 36,600 61,600 56.600 82,100 S 78,600 0/0 O SW

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