Sutton Exercise Equipment, Inc. reported the following financial statements for 2024 (Click the icon to view the income

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Sutton Exercise Equipment Inc Reported The Following Financial Statements For 2024 Click The Icon To View The Income 1 (24.65 KiB) Viewed 24 times

Sutton Exercise Equipment Inc Reported The Following Financial Statements For 2024 Click The Icon To View The Income 2 (55.32 KiB) Viewed 24 times

Sutton Exercise Equipment Inc Reported The Following Financial Statements For 2024 Click The Icon To View The Income 3 (57.64 KiB) Viewed 24 times

Sutton Exercise Equipment Inc Reported The Following Financial Statements For 2024 Click The Icon To View The Income 4 (60.83 KiB) Viewed 24 times

Sutton Exercise Equipment Inc Reported The Following Financial Statements For 2024 Click The Icon To View The Income 5 (58.56 KiB) Viewed 24 times

Sutton 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.) Complete the statement one section at a time, beginning with the cash flows from operating activities Sutton Exercise Equipment, 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 Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Salaries Payable Net Cash Provided be used for) Operating Activities 47,000 116,000 CD 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 parentes 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)

Data table Sutton Exercise Equipment, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense Other Operating Expenses Total Operating Expenses Net Income Print $ 47,000 200,000 Done $ $ 712,000 349,000 363,000 247,000 116,000 -

Data table Current Assets: Cash Accounts Receivable Merchandise Inventory Sutton Exercise Equipment, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Total Assets Long-term Assets: Plant Assets Accumulated Depreciation-Plant Assets Investments Current Liabilities: Assets Print Liabilities $ Done 2024 19,000 $ 54,000 82,000 267,300 (41,300) 97,000 478,000 $ 2023 15,000 50,000 95,000 217,900 (38,900) 76,000 415,000

Data table Plant Assets Accumulated Depreciation-Plant Assets Investments Total Assets Current Liabilities: Accounts Payable Salaries Payable Long-term Liabilities: Notes Payable Total Liabilities Liabilities Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Print $ Stockholders' Equity $ $ Done 267,300 (41,300) 97,000 478,000 $ 76,000 $ 6,000 60,000 142,000 47,000 289,000 336,000 478,000 $ 217,900 (38,900) 76,000 415,000 73,000 8,000 71,000 152,000 37,000 226,000 263,000 415,000 >

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 empty; do not select a label or enter a zero.) More info Sutton calculated the following amounts for 2024: Acquisition value of plant assets, $94,000. Payment of dividends, $53,000. Payment of long-term notes payable, $11,000. Cash receipt from issuance of common stock, $10,000. . . . . Sutton Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $44,600. No cash was received upon disposal. Print Done - X