Question: prepare the statement of cash flows using the indirect method. Additional Information for 2024: 1. Net income is $61,000. 2. The company purchases $102,000 in

prepare the statement of cash flows using the indirect method.

in equipment No equipment was sold. 3. Depreciation expense is $154,000. 4.

Additional Information for 2024: 1. Net income is $61,000. 2. The company purchases $102,000 in equipment No equipment was sold. 3. Depreciation expense is $154,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $21,000. Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cash outflows, and any decrease in cash should be indicoted with a minus sign.)

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