The Clampett Corporation reported the following income statement for $2024$ and comparative balance sheet for $2024$ and $2023,$ along with transaction data for $2024$ :

$($Click the icon to view the comparative balance sheet.$)$

$($Click the icon to view the income statement.$)$

$($Click the icon to view the additional data.$)$

Prepare Clampett Corporation's statement of cash flows for the year ended December $31,2024.$ Format cash flows from operating activities by the indirect method. $($Use a minus sign or parenthese 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.

Clampett Corporation

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 $($Used for$)$ by Operating Activities:

Net Cash Provided bv $($Used for$)$ Operatina Activities

Clampett Corporation

Comparative Balance Sheet

December $31,2024$ and $2023$

Increase

$2024$

$2023$

$($Decrease$)$

Assets

Current Assets:

$\backslash$table$[[$Cash$,$$$,1,920$$$,7,000$$$,(5,080)$

$$

Data table

$\backslash$table$[[$Liabilities$],[$Current Liabilities:$],[$Accounts Payable,,$$,39,000$$$,25,000$$$,14,000],[$Accrued Liabilities,,,$6,000,10,000,(4,000)$