Question: ASAP please Activate Windows Information from the balance sheet and income statement is given below for Monty Inc., a private company reporting under ASPE, for

ASAP please

ASAP please Activate Windows Information from the balance sheet and income statement

is given below for Monty Inc., a private company reporting under ASPE,

for the year ended December 31. Additional information: 1. Investments in land

were sold at cost during 2024. 2. Equipment costing $61,600 was sold

for $17,105, resulting in a gain. 3. Common shares were issued in

exchange for some equipment during the year. No other shares were issued.

4. The remaining purchases of equipment were paid for in cash. Prepare

Activate Windows Information from the balance sheet and income statement is given below for Monty Inc., a private company reporting under ASPE, for the year ended December 31. Additional information: 1. Investments in land were sold at cost during 2024. 2. Equipment costing $61,600 was sold for $17,105, resulting in a gain. 3. Common shares were issued in exchange for some equipment during the year. No other shares were issued. 4. The remaining purchases of equipment were paid for in cash. Prepare a cash flow statement for the year ended December 31, 2024, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Revenues Sales $327,2509,625336,875 Gain on disposal of equipment Expenses Cost of goods sold \$109,405 Depreciation expense 64,570 Operating expenses 16,135 Income tax expense 42,900 Interest expense 3,234 236,244 Expenses Cost of goods sold $109,405 Depreciation expense 64,570 Operating expenses 16,135 Income tax expense 42,900 Interest expense Profit for the year Activate Winde MONTY INC. Cash Flow Statement - Indirect Method $ Adjustments to reconcile profit to $ Note X: Significant noncash investing and financing activities: Equipment with a cost of \$ was purchased in exchange for common shares

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