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The balance sheets for a company, along with additional information, are provided below: Additional Information for 2024 : 1. Net income is $71,000. 2. The

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The balance sheets for a company, along with additional information, are provided below: Additional Information for 2024 : 1. Net income is $71,000. 2. The company purchases $118,000 in equipment. No equipment was sold. 3. Depreciation expense is $158,000. 4. The company repays $105,000 in notes payable. 5. The companv declares and pays a cash dividend of $26,000. A COMPANY Statement of Cash Flows For the Year Ended December 31, 2024

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