The 2024 comparative balance sheet and income statement of Attleboro Group, Inc. follow Attleboro disposed of a plant asset at book value during 2024 (Click the icon to view the comparative balance sheet) (Click the icon to view the income statement) Prepare the spreadsheet for the 2024 statement of cash flows Format cash flows from operating activities by the indirect method. A plant asset was deposed of for $0. The cost and accumulated depreciation of the deposed asset was $13.600 There were no sales of land, ne retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash Use the transaction references in Panel B when selecting the transaction references in Panel A. (If a box is not used in the spreadsheet, leave the box empty do not select a label or enter a zero De not check your ar bots Panel A and Panel B have been completed) Attleboro Group, lec. Spreadsheet for Statement of Cash Flows Year Ended December 31, 2024 Balance Transaction Analysis Panel A-Balance Sheet 12/31/2023 DEBIT CREDIT Balance 121310004 Cash 15.500 N 14,000 Accounts Receivalde 43.700 42,000 Merchandise Inventory 93.300 50.000 Land 11.000 30400 Plant Assets Accumulated Depreciation-Plant Assets Total Assets Accounts Payable Accrued Liabilities Notes Payable Total Liabilities 112.850 (18,650) $ 257,700 121,250 (20,350) S 290,100 26,000 24,500 22,600 23,900 69,000 56,000 117,600 104,400 Common Stock 121,000 129,500 Retained Earnings 19,100 56.200 257,700 290,100 Panel B-Statement of Cash Flows: Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: (a) (b) (c) (d) (0) (0) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Cash Flows from Investing Activities Net Cash Used for Investing Activities Cash Flows from Financing Activities Net Cash Used for Financing Activities Non-cash Investing and Financing Activities: (K) (01) () (1) Case for vess Cash Flows from Financing Activities: Net Cash Used for Financing Activities Non-cash Investing and Financing Activities of common stock, and no treasury stock transactions. Assume plant asset ar (k) (m) (j) (1) (g) Total Non-cash Investing and Financing Activities Total (g) Attleboro Group, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Assets 2024 2023 4 Current Assets Cash Accounts Receivable Merchandise Inventory $ 14,000 S 15,500 42,000 43,700 96,800 93,300 Long-term Assets: Land 36.400 11,000 Plant Assets 121,250 112.850 (20.350) (18.650) Accumulated Depreciation-Plant Assets Accumulated Depreciation-Plant Assets (20,350) (18,650) of con Total Assets $ 290,100 $ 257,700 Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: $ 24,500 $ 26,000 23,900 22,600 56,000 69,000 Notes Payable Total Liabilities 104,400 117,600 Stockholders' Equity Common Stock, no par 129,500 121,000 56,200 19,100 Retained Earnings 185 700 1.40 100 Data table Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Liabilities $ 24,500 $ 26,000 23,900 22,600 Notes Payable Total Liabilities 56,000 69,000 104,400 117,600 Stockholders' Equity Common Stock, no par 129,500 121,000 56,200 19,100 Retained Earnings 185,700 140,100 Total Stockholders' Equity $ 290,100 $ 257,700 Total Liabilities and Stockholders' Equity m Attleboro Group, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold $ 441,000 205,400 235,600 Gross Profit Operating Expenses: Salaries Expense $ 76,300 Depreciation Expense-Plant Assets 15,300 49,600 Other Operating Expenses 141.200 Total Operating Expenses Operating Income Other Income and (Exnenses) 94.400 Salaries Expense $ 76,300 Depreciation Expense-Plant Assets 15,300 Other Operating Expenses 49,600 Total Operating Expenses 141,200 Operating Income 94,400 Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income 11,500 (24,400) (12,900) 81,500 16,200 $ 65,300