The 2024 income statement and comparative balance sheet of All Wired, Inc. follow: (Click the icon to view the income statement.) i (Click the icon to view the additional information.) Read the requirements. (Click the icon to view the comparative balance sheet.) Requirement 1. Prepare the 2024 statement of cash flows, formatting operating activities by the indirect method. (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.) Complete the statement one section at a time, beginning with the cash flows from operating activities. All Wired, 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: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: w the income statement.) w the e the 2 bel or More info Additionally, All Wired purchased land of $20,300 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 $12,620. The plant acquisition was for cash. Print Done one se ating ncile or) Operating Activities: X Read the parer MCHCHANTUIST IIIventory Long-term Assets: Land Plant Assets Accumulated Depreciation-Plant Assets Total Assets Liabilities Current Liabilities: Stockholders' Equity Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ TUTVU 35,300 119,800 (18,900) 269,000 $ 35,600 $ 28,300 73,000 136,900 88,200 43,900 132,100 269,000 $ 15,000 109,520 (16,820) 239,600 30,80 31,00 104,00 165,80 64,70 9,100 73,80 239,60 ra stat tive em cer at Sta ir E ne ctiv era Data table All Wired, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Accumulated Depreciation-Plant Assets Total Assets Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Print $ $ $ Done 2024 26,300 $ 26,800 79,700 35,300 119,800 (18,900) 269,000 $ 35,600 $ 28,300 2023 14,90 25,10 91,90 15,00 109,52 (16,820 239,600 30,800 31,000 X Data table Year Ended December 31, 2024 $ Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income Print Done 72,400 14,700 10,900 8,100 (21,700) $ 436,000 200,200 235,800 98,000 137,800 (13,600) 124,200 19,000 $ 105,200 - X
