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The 2024 income statement and comparative balance sheet of Granite Rock, Inc, follow: Rg. (Click the icon to view the income statement.) (Click the icon
The 2024 income statement and comparative balance sheet of Granite Rock, Inc, follow: Rg. (Click the icon to view the income statement.) (Click the icon to view the additional information.) icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Prepare the 2024 statement of cash fows, formating operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a docrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Compiete the statement one section at a time, beginning with the cash fows from cperating activites. Granite Rock, Inc. Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating fctivities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Data table Data table atement and comparative balance sheet of Granite Rock, Inc. follow: view the income'statement.) view the comparative balance sheet.) (i) (Click the icon to Read the requiremen Requirements 1. Prepare the 2024 statement of cash flows, formattingloperating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment? Data table Data table More info Additionally, Granite Rock purchased land of $23,400 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
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