- X sult lete sas Data table $ 44,100 th Transaction Data for 2024: Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold $ 46,000 19,000 70,000 122,000 55,000 et le Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building Not income 51,000 60,000 5,500 djur Provi D 70,500 Print Done 1 Id Decrees COTTU Tax Tayar TOUT 14.100 Data table 2024 2023 Current Assets: Cash $ 103,000 $ 17,000 Accounts Receivable 64,500 68,800 ca 80,000 76,000 Merchandise Inventory Current Liabilities: 55,300 Accounts Payable Income Tax Payable 58,300 14,200 16,900 70,500 Morston, Inc. 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: Depreciation Expense Gain on Sale of Building Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Income Tax Payable $ 19,000 (5,500) 4,300 (4,000) 3,000 (2,700) 14,100 84,600 Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Receipt from Sale of Building Cash Payment for Acquisition of Equipment 60,500 (70,000) (9,500) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Payment of Notes Payable Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2023 (51,000) 46,000 60,000 (44,100) 10,900 86000 Cash Balance, December 31, 2024 (9,500) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Payment of Notes Payable (51,000) 46,000 60,000 (44,100) 10,900 86000 Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2023 Cash Balance, December 31, 2024 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities