Requirement 2 Drop Down Options:

1. Generating OR Using

2.Divesting itself of OR Investing in new

3. Borrowing OR Issuing Stock.......Borrowing OR Issuing

4. Decreased OR Increased

5. Strong OR Weak

Transcribed Image Text:

The comparative balance sheet of Johnson Educational Supply at December 31, 2024, reported the following: (Click the icon to view the comparative balance sheet.) Johnson's transactions during 2024 included the following: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare the statement of cash flows of Johnson Educational Supply for the year ended December 31, 2024. Use the indirect method to report cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Johnson Educational Supply 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: The comparative balance sheet of Johnson Educational Supply at December 31, 2024, reported the following: (Click the icon to view the comparative balance sheet.) Johnson's transactions during 2024 included the following: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare the statement of cash flows of Johnson Educational Supply for the year ended December 31, 2024. Use the indirect method to report cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Johnson Educational Supply 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: