The comparative balance sheet of Robeson Educational Supply at December $31,2024,$ reported the following $($Click the icon to view the comparative balance sheet.$)$

Robeson's transactions during $2024$ included the following:

$($Click the icon to view the transactions.$)$

Read the requirements

Prepare the statement of cash flows of Robeson Educational Supply for the year ended December $31,2024.$ Use the indirect method to report cash flows from operating activities.

Evaluate Robeson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation.

If Robeson plans similar activity for $2024,$ what is its expected free cash flow?

Data table

$\backslash$table$[[,,2024,2023],[$Current Assets:$],[$Cash$,$$$,83,900$$$,20,500],[$Accounts Receivable,,$14,500,21,800],[$Merchandise Inventory,,$61,800,60,400],[$Current Liabilities:$],[$Accounts Payable,,$29,600,28,100],[$Accrued Liabilities,,$10,500,11,900]]$

Data table

$\backslash$table$[[$Payment of cash dividends,$$,21,200,$Depreciation expense,$$17,400$