Use the Rouse Exercise Equipment data in Exercise E-F:14-23. Prepare the company’s
statement of cash flows—indirect method—for the year ended December 31, 2024.
Assume investments are purchased with cash.

Data from exercise E-F: 14-23

Rouse Exercise Equipment, Inc. reported the following financial statements for 2024:

Transcribed Image Text:

ROUSE 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 $ 54,000 210,000 $ 713,000 342,000 371,000 264,000 $ 107,000