Prepare Jackson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities.

Jackson, Inc. $ 66,000 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: Depreciation Expense Gain on Sale of Building Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Income Tax Payable $ 23,000 (5,000) 4,500 (10,000) 1,700 (2,000) 12,200 78,200 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Equipment Cash Receipt from Sale of Building (70,000) 65,000 (5,000) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Payment of Dividends 40,000 61,000 (46,000) (43,100) Cash Payment of Notes Payable Net Cash Provided by (Used for) Financing Activities 11,900 40,000 61,000 Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Payment of Dividends Cash Payment of Notes Payable Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2023 (46,000) (43.100) 11,900 Cash Balance, December 31, 2024 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities X - Data Table 2024 2023 Current Assets: Cash $ 106,100 $ 21,000 Accounts Receivable 64,300 68,800 76,000 86,000 Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 58,000 56,300 14,900 16,900 Print Done ws using the indirect method. Include an accompanying schedule of non-cash investing and Common Sto Notes Payab Data Table 1 10 $ 43,100 ancing Activite $ 40,000 23,000 Transaction Data for 2024 Issuance of common stock for cash Depreciation expense Purchase of equipment with cash Acquisition of land by issuing long-term notes payable Book value of building sold 70,000 118.000 60,000 Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cash Gain on sale of building Not Income 46,000 61.000 5.000 66,000 Activities: Print Done