Problem #$2$ Prepare a Statement of Cash Flows by Using Indirect Method

A comparative balance sheet for Rocker Company appears below:

ROCKER COMPANY

Comparative Balance Sheet

Dec. $31,2024$ Dec. $31,2023$

$)$

Liabilities and Stockholders' Equity

Additional information:

Net income for the year ending December $31,2024$ was $$87,000.$

Cash dividends of $$17,500$ were declared and paid during the year.

Long$-$term investments that had a cost of $$17,000$ were sold for $$14,000.$

Sales for $2024$ were $$127,000.$

Instructions Prepare the operating cash activity section of a statement of cash flows for the year

ended December $31,2024,$ using the indirect method.

Bonus, Prepare a complete statement of cash flow.