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The 2024 income statement and comparative balance sheet of One Stop. inc follow (Click the icon to view the income statement.) (Click the icon to

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The 2024 income statement and comparative balance sheet of One Stop. inc follow (Click the icon to view the income statement.) (Click the icon to view the additional information) (Click the icon to view the comparative balance sheet.) Read the requirements Data table One Stop, Inc. Comparative Balance Sheet December 31, 2024 and 2023 20242023 2023 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Accumulated Depreciation-Plant Assets Total Assets \begin{tabular}{lll} \hline 26,000 & $ & 15,000 \\ 26,700 & 25,700 \\ 80,000 & 91,800 \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Land & & 34,700 & 10,000 \\ \hline Plant Assets & & 119,130 & 112,330 \\ \hline Accumulated Depreciation-Plant Assets & & (22,230) & (18,630) \\ \hline Total Assets & $ & 264,300$ & 236,200 \\ \hline \end{tabular} Print Done More info Additionally, One Stop purchased land of $24,700 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 $10,400. The plant acquisition was for cash. Requirements 1. Prepare the 2024 statement of cash flows by the direct method. 2. How will what you learned in this problem help you evaluate an investment

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