The 2024 income statement and comparative balance sheet of All Wired, Inc. follow (Click the icon to view the income statement) (Click the icon to view the comparative balance sheet) (i) (Chick the icon to viow tho additional information) Read the requirements Requirement 1. Prepare the 2024 statement of cash flows, formatting operating activites by the indirect method. (Use a minus sign or parentheses for arnounts that re is not used in the statement, leave the box empty, do not select a tabel or enter a zero) Corvplete the staiement one section at a time, beginning with the cash flows from operating activities \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{c} All Wired, Inc. \\ Income Statement \\ Year Ended December 31, 2024 \end{tabular}} \\ \hline Net Sales Revenue & & & $ & 439,000 \\ \hline Cost of Goods Sold & & & & 204,200 \\ \hline Gross Profit & & & & 234,800 \\ \hline \multicolumn{5}{|l|}{ Operating Expenses: } \\ \hline Salaries Expense & $ & 70,400 & & \\ \hline Depreciation Expense Plant Assets & & 14,900 & & \\ \hline Other Operating Expenses & & 10,900 & & \\ \hline Total Operating Expenses & & & & 96,200 \\ \hline Operating Income & & & & 138,600 \\ \hline \multicolumn{5}{|l|}{ Other Income and (Expenses): } \\ \hline Interest Revenue & & \begin{tabular}{r} 8,900 \\ 21gnni \end{tabular} & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Grss Profit & & 234,80 \\ \hline Operating Expenses: & & \\ \hline Salaries Expense & $70,400 & \\ \hline Depreciation Expense-Plant Assets & 14,900 & \\ \hline Other Operating Expenses & 10,900 & \\ \hline Total Operating Expenses & & 96,200 \\ \hline Operating Income & & \multirow[t]{2}{*}{138,600} \\ \hline Other Income and (Expenses) & & \\ \hline Interest Revenue & 8,900 & \\ \hline Interest Expense & (21,800) & \\ \hline Total Other Income and (Expenses) & & (12,900) \\ \hline Net Income Before Income Taxes & & 125,700 \\ \hline Income Tax Expense & & 19,200 \\ \hline Net Income & & $106,500 \\ \hline \end{tabular} All Wired, Inc. Comparative Balance Sheet December 31,2024 and 2023 \begin{tabular}{|c|c|c|c|} \hline Accumulated Depreciation-Plant Assets & \multicolumn{2}{|r|}{(18,510)} & (16,240) \\ \hline tal Assets & $ & 268,600$ & 235,200 \\ \hline \multicolumn{4}{|l|}{ Liabilities } \\ \hline \multicolumn{4}{|l|}{ Current Liabilities: } \\ \hline Accounts Payable & $ & 35,300$ & 30,200 \\ \hline Accrued Liabilities & & 28,600 & 30,900 \\ \hline \multicolumn{4}{|l|}{ Long-term Liabilities: } \\ \hline Notes Payable & & 78,000 & 102,000 \\ \hline Total Liabilities & & 141,900 & 163,100 \\ \hline \multicolumn{4}{|l|}{ Stockholders' Equity } \\ \hline Common Stock, no par & & 89,000 & 64,100 \\ \hline Retained Earnings & & 37,700 & 8,000 \\ \hline Total Stockholders' Equity & & 126,700 & 72,100 \\ \hline Total Liabilities and Stockholders' Equity & $ & 268,600$ & 236,200 \\ \hline \end{tabular} More info Additionally, All Wired purchased land of $19,400 by financing it 100% with long-term notes payable during 2024. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,630. The plant acquisition was for cash Requirements 1. Prepare the 2024 statement of cash flows, formatting operating activitiestby the indirect method. 2. How will what you learned in this problem help you evaluate an investment