Current Accounts

$\backslash$table$[[,$December $31,2024,$December $31,2023],[$Current Accounts:$],[$Current assets:$],[$Cash and cash equivalents$],[$Accounts receivable,,$69,900,,64,700],[$Inventories$,,9\mathrm{.}000,,83,000],[$Prepaid expenses,,$3,300,,2,200],[$Current liabilities:$],[$Accounts payable,$$,57,700,$$$,56,200],[$Income tax payable,,$29,100,,16,300],[$Accrued liabilities,,$15,000,,27,400]]$

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Transaction Data for $2024$

$\backslash$table$[[$Acquisition of land by issuing long$-$term note payable,$ $203,000],[$Stock dividends,$20,000],[$Collection of loan,$10,100],[$Depreciation expense,$18,000],[$Purchase of building with cash,$134,000],[$Retirement of bonds payable by issuing common stock,$99,000],[$Purchase of long$-$term investment with cash,$45,000],[$Purchase of treasury stock,$14,100],[$Loss on sale of equipment,$32,000],[$Payment of cash dividends,$15,100],[$Issuance of long$-$term note payable to borrow cash,$34,900],[$Net income,$67,000],[$Issuance of common stock for cash,$38,100],[$Proceeds from sale of equipment,$24,300],[$Amortization expense,$4,900]]$

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Fortune Software Corp. has assembled the following data for the years ending December $31,2024$ and $2023.$

Yew the currert accounts.

Requirement

Prepare Fortune's statement of cash flows using the indived method to report eperating activites. Include a solvedie of noncash insusting and financing activites. investing activities, then the cash flows from financing activities. Finally, you will calculate the net charge in cash during the period along with the beginning and ending cauh bulances, and correlite the roncash investing and financing activitiss section of the statement. $($Use parentheses or a minus sign for numbers to be subtracted and for a telt decrease in cash$)$

Fortune Software Corp.

Statement of Cash Flows $($Indirect Method$)$

Year Ended December $31,2024$

Cash flows from operating activities:

Adustments to reconclle net income to net cash provided by $($used for$)$ operating activities:

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financing activities section of the statement. $($Use parentheses or a minus sign for numbers to be sublraited and five a net deverse in eash$)$

Fortune Soltware Corp.

Statement of Cash Flows $($Indirect Method$)$

Year Ended December $31,2024$

Cash flows from operating activities:

Adustments to reconolle net income to net cash provided by $($used for$)$ eperating activities:

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Net cash provided by $($used for$)$ operating activities $$