cash flows

Data table Digital Subscriptions, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 437,000 207,200 229,800 $ 74,400 Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 14,600 10,000 99,000 130,800 8,400 (21,000) Interest Expense Print Done 207,200 Cost of Goods Sold 229,800 Gross Profit $ 74,400 Operating Expenses Salaries Expense Depreciation Expense-Plant Assets 14,600 10,000 Other Operating Expenses 99,000 130,800 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue h 8,400 (21,000) Interest Expense (12,600) Total Other Income and (Expenses) Net Income Before Income Taxes 118,200 19,300 Income Tax Expense $ 98,900 Net Income Print Done Data table Digital Subscriptions, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 437,000 207,200 229,800 $ 74,400 Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 14,600 10,000 99,000 130,800 8.400 (21,000) Interest Expense Print Done Th Ounction 92 - X Data table 207,200 Cost of Goods Sold 229,800 Gross Profit $ Operating Expenses Salaries Expense Depreciation Expense-Plant Assets 74,400 14,600 10,000 Other Operating Expenses 99,000 130,800 Total Operating Expenses Operating Income Other Income and (Expenses) Interest Revenue 8,400 (21,000) Interest Expense (12,600) Total Other Income and (Exproses) Net Income Before Income Taxes 118,200 19,300 Income Tax Expense $ 98,900 Net Income Print Done ... - More info Additionally, Digital Subscriptions purchased land of $24,500 by financing it 100% with long-term notes payable during 2024. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,630. The plant acquisition was for cash. Print Done - Requirements 1. Prepare the 2024 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment? Print Done Data table Digital Subscriptions, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 437,000 207,200 229,800 $ 74,400 Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 14,600 10,000 99,000 130,800 8,400 (21,000) Interest Expense Print Done 207,200 Cost of Goods Sold 229,800 Gross Profit $ 74,400 Operating Expenses Salaries Expense Depreciation Expense-Plant Assets 14,600 10,000 Other Operating Expenses 99,000 130,800 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue h 8,400 (21,000) Interest Expense (12,600) Total Other Income and (Expenses) Net Income Before Income Taxes 118,200 19,300 Income Tax Expense $ 98,900 Net Income Print Done Data table Digital Subscriptions, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 437,000 207,200 229,800 $ 74,400 Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 14,600 10,000 99,000 130,800 8.400 (21,000) Interest Expense Print Done Th Ounction 92 - X Data table 207,200 Cost of Goods Sold 229,800 Gross Profit $ Operating Expenses Salaries Expense Depreciation Expense-Plant Assets 74,400 14,600 10,000 Other Operating Expenses 99,000 130,800 Total Operating Expenses Operating Income Other Income and (Expenses) Interest Revenue 8,400 (21,000) Interest Expense (12,600) Total Other Income and (Exproses) Net Income Before Income Taxes 118,200 19,300 Income Tax Expense $ 98,900 Net Income Print Done ... - More info Additionally, Digital Subscriptions purchased land of $24,500 by financing it 100% with long-term notes payable during 2024. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,630. The plant acquisition was for cash. Print Done - Requirements 1. Prepare the 2024 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment? Print Done