The comparative balance sheet of Smithson Educational Supply at December 31, 2024, reported the following: E: (Click the icon to view the comparative balance sheet.) Smithson's transactions during 2024 included the following: B (click the icon to view the transactions.) Read the requirements. 2024 2023 Current Assets: Cash $ 78,500 $ 21,500 Accounts Receivable 14,800 21,800 Merchandise Inventory 63,800 59,500 Current Liabilities: Accounts Payable 27,400 26,600 Accrued Liabilities 10,900 11,700 $ $ 17,300 Payment of cash dividends Purchase of equipment with cash Issuance of long-term notes payable to borrow cash Issuance of common stock for cash 21,200 54,400 54,000 Depreciation expense Purchase of building with cash 109,000 58,600 Net income 109,000 Requirement 1. Prepare the statement of cash flow of Simon Education Supply for the yow ended December 31, 2024 Use the Indirect method tort form oportes ( decreases to not used in the leave the box empty do not let label or enter) Complete the statement one section at a time, beginning with the cash flows from operating activities Smithson Educational Supply 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 by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2023 Cash Balance, December 31, 2024 Requirement 2. Evaluate Smithson's cash flows for the year. Mertion all three categories of cash flows and give the lemon for your evaluation Complete the following statements to mate Smith's cash flows plasses Operations de cash The company's There is more financing by Cash during the year For the given above. Smitow's cash flows Requirement son lasciv for 2025, what is its expected free cash row (Use a minor perses for more info Abbie Cashioped investments wilong-mets NCOA cash provided by operac, NCFA et cash provided by financing active) Select the labels and enter the amounts to calculate Smithson's expected show for 2025 Free how