Please show work how you got each calculation. Thank you!

Question $3$: Statement of Cash Flows

Comparative balance sheets for $2024$ and $2023$ and an income statement for $2024$ are

given below for ABC Company in a spreadsheet format. Additional information from the

accounting records of ABC also is provided.

Additional information from the accounting records:

a$.$ During $2024,$ equipment with a cost of $$300,000(90\%$ depreciated$)$ was sold for

$$15,000.$

b$.$ During $2024,$ a portion of company land, purchased in a previous year for $$75,000,$

was sold for $$165,000.$

c$.$ During $2024,$ ABC Company acquired land for $$150,000$ under a finance lease.

d$.$ The statement of shareholders' equity reveals reductions of $$225,000$ and $$450,000$

for stock dividends $($assume to be small stock dividends$)$ and cash dividends,

respectively.

Required:

Prepare the statement of cash flows of ABC for the year ended December $31,2024$ using

the direct method. ABC Company

Spreadsheet for the Statement of Cash Flows $($amounts in thousands$)$ ABC Company

Spreadsheet for the Statement of Cash Flows $($amounts in thousands$)$