Using the information below, prepare the Statement of Cash Flows for the Gazelle Corporation for the year ended December $31,2024.$

$2024$

$2023$

Assets

Osh

$$123,450$

$ $61,550$

Accounts receivable

$77,100$

$10,750$

Merchandise Inventory

$240,600$

$250,700$

Prepaid expenses

$15,100$

$17,000$

Equipment

$262,250$

$200\mathrm{.}000$

Acoum, depreciation$-$Equipment

$(110,750)$

$(15,000)$

Total assets

$$607,750$

$$515,000$

Liabilities and Equity

Accounts payable

$$17,750$

$$102,000$

Short$-$term notes payable

$15,000$

$10,000$

Long$-$term notes payable

$77,500$

Common stock, $$5$ par

$215,000$

Paid$-$in capital in excess of par, common stock

$30,000$

$0$

Retained earnings

$230,000$

$125\mathrm{.}500$

Total liabilities and equity

$$607,750$

$$515,000$

Additional Information

a$.$ The loss on the cash sale of equipment was $$2,100($details in b$).$

b$.$ Sold equipment costing $$51,000,$ with accumulated depreciation of $$22,850.$

e$.$ Purchased equipment costing $$113,250$ by paying $$43,250$ cash and siguing a long term note payable for the balance.

d$.$ Borrowed $$5,000$ cash by signing a short$-$term note payable.

e$.$ Paid $$47,500$ cash to reduce the long$-$term notes payable.

f$.$ Issued $3,000$ shares of common stock for $515$ cash per share

g$.$ Declared and paid cash dividends of $$53,600$FINANCIAL ACCOUNTING $|$

Using the information below, prepare the Statement of Cash Flows for

the Gazelle Corporation for the year ended December $31,2024.$

Additional Information

a$.$ The loss on the cash sale of equipment was $$2,100($details in $b).$

b$.$ Sold equipment costing $$51,000,$ with accumulated depreciation of $$22,850.$

c$.$ Purchased equipment costing $$113,250$ by paying $$43,250$ cash and signing a long$-$term note payable

for the balance.

d$.$ Borrowed $$5,000$ cash by signing a short$-$term note payable.

e$.$ Paid $$47,500$ cash to reduce the long$-$term notes payable.

f$.$ Issued $3,000$ shares of common stock for $$15$ cash per share.

g$.$ Declared and paid cash dividends of $$53,600.$