Homework: Ch 16 Homework B - Graded Question 5, EF 16-24 (similar to) Part 1 of 4 HW Score: 82.35%, 28 of 34 points O Points: 0 of 6 O Save Traynor Exercise Equipment, Inc. reported the following financial statements for 2024: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Prepare the company's statement of cash flows-indirect method for the year ended December 31, 2024. Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box emply: do not select a label or enter a zero.) X Data table Complete the staternent one section at a time, beginning with the cash flows from operating activities. Traynor Exercise Equipment, Inc. Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: 715,000 341,000 Traynor Exercise Equipment, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ Cost of Goods Sold Gross Profit Operating Expenses: Depreciation Expense $ 55,000 Other Operating Expenses 180,000 Total Operating Expenses $ Net Income 374,000 235,000 139,000 Net Cash Provided by (Used for) Operating Activities ( 2 Print Done . X is