White Media Corporation had the following income statement and balance sheet for 2024: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) During the year White issued a $4,600 note payable. White acquired equipment worth $27,000, and made payments on the long-term notes payable in the amount of $6,600 during the year. Assume the company paid cash for the acquisition of plant assets. Prepare White Media's statement of cash flows-indirect method for the year ended December 31, 2024. Complete the statement one section at a time, beginning with the cash flows from operating activities. (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 empty; do not select a label or enter a zero.) White Media Corporation 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 Operating Activities: Net Cash Provided by (Used for) Operating Activities - Data Table White Media Corporation Income Statement Year Ended December 31, 2024 Sales Revenue $ 84,000 Depreciation ExpensePlant Assets 21,000 Other Expenses 54,000 $ 9,000 Net Income Data Table White Media Corporation Comparative Balance Sheet December 31, 2024 and 2023 Assets 2024 2023 Current Assets: Cash $ 5,300 $ 3,700 Accounts Receivable 9,100 7,600 Long-term Assets: Plants Assets 107,350 (33,350) 80,350 (12,350) Accumulated DepreciationPlant Assets 88,400 $ 79,300 Total Assets Liabilities Current Liabilities: Accounts Payable $ 8,500 $ 4,000 Long-term Liabilities: 11,000 13,000 Notes Pavable White Media Corporation had the following income statement and balance sheet for 2024: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) During the year White issued a $4,600 note payable. White acquired equipment worth $27,000, and made payments on the long-term notes payable in the amount of $6,600 during the year. Assume the company paid cash for the acquisition of plant assets. Prepare White Media's statement of cash flows-indirect method for the year ended December 31, 2024. Complete the statement one section at a time, beginning with the cash flows from operating activities. (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 empty; do not select a label or enter a zero.) White Media Corporation 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 Operating Activities: Net Cash Provided by (Used for) Operating Activities - Data Table White Media Corporation Income Statement Year Ended December 31, 2024 Sales Revenue $ 84,000 Depreciation ExpensePlant Assets 21,000 Other Expenses 54,000 $ 9,000 Net Income Data Table White Media Corporation Comparative Balance Sheet December 31, 2024 and 2023 Assets 2024 2023 Current Assets: Cash $ 5,300 $ 3,700 Accounts Receivable 9,100 7,600 Long-term Assets: Plants Assets 107,350 (33,350) 80,350 (12,350) Accumulated DepreciationPlant Assets 88,400 $ 79,300 Total Assets Liabilities Current Liabilities: Accounts Payable $ 8,500 $ 4,000 Long-term Liabilities: 11,000 13,000 Notes Pavable
