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Superior Exercise Equipment, Inc. reported the following statement of cash flows for 2024 (Click the icon to view the statement of cash flows.) Superior plans

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Superior Exercise Equipment, Inc. reported the following statement of cash flows for 2024 (Click the icon to view the statement of cash flows.) Superior plans to purchase a truck for $22,000 and a forklift for $128,000 next year. In addition, it plans to pay cash dividends of $6,000 Assuming Superior plans similar activity for 2025, what would be the amount of free cash flow? (Abbreviations used: Cash pmts for planned invest = Cash payments for planned investments in long-term assets; NCFA = Net cash provided by financing activities; NCOA = Net cash provided by operating activities. Use parentheses or a minus sign to show negative free cash flow.) (E. Select the labels and enter the amounts to calculate Superior's free cash flow for 2025. NCOA Cash pmts for planned invest. Cash dividends Free cash flow 150,000 $ 6,000 Reference $ 122,000 55,000 (4,000) 10,000 2,000 (4,000) 59,000 Superior Exercise Equipment, Inc. 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 (Used for) Operating Activities: Depreciation Expense $ Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Salaries Payable Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Investments Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2023 181,000 (105,000) (19,000) (124,000) (60,000) (3.000) 14,000 (49,000) 8,000 14,000 $ 22,000 Cash Balance, December 31, 2024

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