The comparative balance sheets for 2024 and 2023 are given below for Surmise Company. Net income for 2024 \begin{tabular}{|c|c|c|c|} \hline \multirow{2}{*}{\begin{tabular}{l} 55 \\ 56 \end{tabular}} & \multirow{2}{*}{ Cash flows from investing activities: } & & \\ \hline & & & \\ \hline 57 & Purchase of Land & 0 & \\ \hline 58 & Purchase of Long-term investment & (40) & \\ \hline 59 & Purchase of Buildings and Equipment & (120) & \\ \hline 60 & & & \\ \hline 61 & Net cash flows from investing activities & & (160) \\ \hline 62 & & & \\ \hline 63 & & & \\ \hline 64 & Cash flows from financing activities: & & \\ \hline 65 & Issue of Common Stock & 10 & \\ \hline 66 & Paid-in Capital & 40 & \\ \hline 67 & Bonds Payable & -60 & \\ \hline 68 & Lease Liability & 102 & \\ \hline 69 & & & \\ \hline 70 & Net cash flows from financing activities & & 92 \\ \hline 71 & Net increase (decrease) in cash & 31 & \\ \hline 72 & Cash balance, January 1 & 40 & \\ \hline 73 & Cash balance, December 31 & 71 & \\ \hline 74 & Noncash investing and financing activities: & & 111 \\ \hline \end{tabular} 2. Complete the Worksheet: SURMISE COMPANY Spreadsheet for the Statement of Cash Flows ( $ in millions) Balance Sheet Assets: Liabilities: Statement of Cash Flows Operating activities: Net income 50 Adjustments for noncash effects: The comparative balance sheets for 2024 and 2023 are given below for Surmise Company. Net income for 2024