Question: NEED HELP!! Additional Information for 2024 : 1. Net income is $77,000. 2. The company purchases $112,000 in equipment. No equipment was sold. 3. Depreciation

NEED HELP!!

Depreciation expense is $152,000. 4. The company repays $115,000 in notes payable.

Additional Information for 2024 : 1. Net income is $77,000. 2. The company purchases $112,000 in equipment. No equipment was sold. 3. Depreciation expense is $152,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $29,000. Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.)

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