Trainer Exercise Equipment, Inc reported the following financial statements for 2024 (Click the icon to view the income statement) (Click the icon to view the comparative balance sheet) (Click the icon to view additional information) Prepare the company's statement of cash flows - indirect method-for the year ended December 31, 2024 . Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash If a box is not used in the statement, leave the box emply, 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 Data table Trainer Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Liabilities \begin{tabular}{|c|c|c|c|} \hline Investments & & 95,000 & 80,000 \\ \hline Total Assets & $ & 477,000$ & 417,000 \\ \hline \multicolumn{4}{|l|}{ Liabilities } \\ \hline \multicolumn{4}{|l|}{ Current Liabilities: } \\ \hline Accounts Payable & $ & 77,000$ & 74,000 \\ \hline Salaries Payable & & 1,500 & 4,000 \\ \hline \multicolumn{4}{|l|}{ Long-term Liabilities: } \\ \hline Notes Payable & & 58,000 & 66,000 \\ \hline Total Liabilities & & 136,500I & 144,000 \\ \hline \multicolumn{4}{|c|}{ Stockholders' Equity } \\ \hline Common Stock, no par & & 48,000 & 36,000 \\ \hline Retained Earnings & & 292,500 & 237,000 \\ \hline Total Stockholders' Equity & & 340,500 & 273,000 \\ \hline Total Liabilities and Stockholders' Equity & $ & 477,000$ & 417,000 \\ \hline \end{tabular} More info Trainer calculated the following amounts for 2024 : - Acquisition value of plant assets, $88,000. - Payment of dividends, $85,500. - Payment of long-term notes payable, $8,000. - Cash receipt from issuance of common stock, $12,000. Trainer Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $40,500. No cash was received upon disposal