Data table Current Assets: Cash Atkinson Group, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Assets Accumulated Depreciation-Plant Assets Total Assets Liabilities 2024 2023 $ 13,500 $ 15,000 42,400 43,400 97,700 93,800 39,900 14,000 119,120 110,520 (18,320) (16,520) $ 294,300 $ 260,200 Data table Atkinson Group, Inc. Income Statement Year Ended December 31, 2024 of Net Sales Revenue $ 441,000 Cost of Goods Sold Gross Profit Operating Expenses: 205,900 235,100 Salaries Expense $ 76,600 Depreciation Expense-Plant Assets 15,600 Pan Other Operating Expenses 49,200 Total Operating Expenses 141,400 vab Operating Income 93,700 vent Other Income and (Expenses): Interest Revenue Depre Interest Expense Drint Dono 11,900 (24,200) ework CH B K Question 8, PMBB-38A (similar to) HW Score: 10%, 10 of 100 points O Points: 0 of 25 The 2024 comparative balance sheet and income statement of Atkinson Group, Inc. follow Atkinson disposed of a plant asset at book value during 2004 (Click the icon to view the comparative balance sheet) Cack the icon to view the income statement) Save Prepare the spreadsheet for the 2024 statement of cash flows. Format cash flows from operating activities by the indirect method A plant asset was disposed of for 50 The cost and accumulated depo of the disposed asset was $13.800. There were no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash Use the transaction references in Panel B when selecting the transaction references in Panel A. (if a box is not used in the spreadsheet, leave the box empty do not sect a label or enter a pen. On ret check your answer until both Panof A and Panel B have been completed) Atkinson Group, Inc. Spreadsheet for Statement of Cash Flows Year Ended December 31, 2024 Balance Transaction Analysis Balance Panel A-Balance Sheet 12/31/2023 DEBIT CREDIT 12/31/2024 Cash $ 15.000 S 13,500 Accounts Receivable 43,400 42,400 Merchandise Inventory 93,800 97,700 Land 14.000 39,900 Plant Assets 110,520 Accumulated Depreciation-Plant Assets (16.520) 110,120 (18,320) $ 260.200 294,300 Total Assets Clear all Check answem Prepare the spreadsheet for the 2024 statement of cash flows. Format cash flows from operating activities by the indirect method A plant asset was disposed of for 50. The cost and an of the disposed asset was $13,800. There were no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions wwe ta Accounts Payable Accrued Liabilities Notes Payable Total Liabilities Common Stock Retained Eamings Total Liabilities and Stockholders' Equity Panel B-Statement of Cash Flows: Cash Flows from Operating Activities Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities Etext pages Calculator 20,700 22,200 60,000 108,900 25,300 23,800 48,000 97,100 132,200 140,900 19,100 56,300 S 260,200 $ 294,300 (a) Clear all st K Question 8, PMBB-38A (similar to) HW Score: 10%, 10 of 100 points O Points: 0 of 25 The 2024 comparative balance sheet and income statement of Alonson Group, Inc flow Adornon disposed of a plant asset at took value ring 2004 (Click the icon to view the comparative balance sheet) Click the icon to view the income statement) Prepare the spreadsheet for the 2024 statement of cash flows. Format cash flows from operating activibes by the indirect method A plant assel was of the disposed asset was $13,000. There were no sales of land, no retirement of common stock, and no bury stock hamacions Assumes Cash Flows from Operating Activites disgood of the 50 The cast and acted and land as wire for cash Adjustments to Reconcie Not Income to Net Cash Provided by Operating Activites I 00 Not Cash Provided by Operating Activities Cash Flows from investing Activities Net Cash Used for Investing Activities Cash Flows from Financing Activities (0) 88 Save Clear all Check answer Prepare the spreadsheet for the 2024 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0 TH of the disposed asset was $13,800. There were no sales of land, no retirement of common stock, and no treasury stock transactions Assume plant asset and land acqui Cash Flows from Investing Activities: Net Cash Used for Investing Activities Cash Flows from Financing Activities CHD (h) 0) () (K) Net Cash Used for Financing Activities I Non-cash Investing and Financing Activities (g) Total Non-cash investing and Financing Activities (0) Total his Etext pages Calculator Cl