Complete the statement one section at a time, beginning with the cash flows from operating activities. Ryle Exercise Equipment, Inc. reported the following financial statements Cash Payment for Acquisition of Plant Assets EF14-24 (similar to) Cash Payment for Investments art1 of 4 R) Cash Payment of Dividends ments Prepare the con Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Decrease in Merchandise Inventory Decrease in Salaries Payable Donenaiation Funnana EF14-24 (similar Cash Receipt from Issuance of Common Stock to) Decrease in Merchandise Inventory ments Decrease in Salaries Payable * Prepare the con Depreciation Expense Gain on Disposal of Plant Assets Increase in Accounts Payable Increase in Accounts Receivable Ryle Exercise Equipment, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit 366,000 Operating Expenses: DepreciationExpenseOtherOperatingExpenses$48,000195,000 Total Operating Expenses Net Income $123,000 December 31, 2024 and 2023 2024 Assets Current Assets: \begin{tabular}{cccc} \hline Cash & $ & 22,000$ & 17,000 \\ \hline Accounts Receivable & 55,000 & 49,000 \\ \hline Merchandise Inventory & 88,000 & 95,000 \\ \hline Long-term Assets: & & \\ \hline Plant Assets & 267,900 & 222,200 \\ Accumulated Depreciation_Plant Assets & (39,900) & (34,200) \\ \hline Investments & 99,000 & 77,000 \\ \hline Total Assets & $492,000 & $ & 426,000 \\ \hline \hline \end{tabular} Liabilities Current Liabilities: Accounts Payable Salaries Payable $78,000$2,00075,0004,500 Long-term Liabilities: More info Ryle calculated the following amounts for 2024 : - Acquisition value of plant assets, $88,000. - Payment of dividends, $57,500. - Payment of long-term notes payable, $8,000. - Cash receipt from issuance of common stock, $8,000. Ryle Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $42,300. No cash was received upon disposal