The comparative balance sheet of Carlson Educational Supply at December 31, 2024, reported the following: ' (Click the icon to view the comparative balance sheet) Carlson's transactions during 2024 included the following: 2 (Click the icon to view the transactions.) Read the requirements 3. Requirement 1. Prepare the statement of cash flows of Carlson Educational Supply for the year ended December 31, is for amounts ibel or enter a Requirement 2. Evaluate Carlson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. Complete the following statements to evaluate Carlson's cash flows. Operations are (16) cash. The company is (17) plant assets. There is more financing by (18) than by (19) Cash (20) during the year. For the reasons given above, Carlson's cash flows look (21) Requirement 3. If Carlson plans similar activity for 2025, what is its expected free cash flow? (Use a minus sign or parentheses for amounts that result in a decrease in cash. Abbreviations used: Cash pmts for planned invest. = Cash payments for planned investments in long-term assets; NCOA = Net cash provided by operating activities; NCFA = Net cash provided by financing activities.) Select the labels and enter the amounts to calculate Carlson's expected free cash flow for 2025. 1. Prepare the statement of cash flows of Carlson Educational Supply for the year ended December 31, 2024. Use the indirect method to report cash flows from operating activities. 2. Evaluate Carison's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. 3. If Carlson plans similar activity for 2025 , what is its expected free cash flow