The income statement, balance sheets, and additional information for Cloud Mangu are provided.

CLOUD MANGU
Income Statement
For the Year Ended December 31, 2024
Net sales		$ 2,516,000
Expenses:
Cost of goods sold	$ 1,500,000
Operating expenses	768,000
Depreciation expense	18,000
Loss on sale of land	7,100
Interest expense	10,500
Income tax expense	39,000
Total expenses		2,342,600
Net income		$ 173,400

CLOUD MANGU
Balance Sheets
December 31
	2024	2023
Assets
Current assets:
Cash	$ 145,460	$ 69,180
Accounts receivable	71,100	51,000
Inventory	105,000	126,000
Prepaid rent	8,640	4,320
Long-term assets:
Investments	96,000	0
Land	201,000	222,000
Equipment	252,000	201,000
Accumulated depreciation	(58,200)	(40,200)
Total assets	$ 821,000	$ 633,300
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 57,900	$ 72,000
Interest payable	5,100	8,200
Income tax payable	14,100	13,100
Long-term liabilities:
Notes payable	267,000	216,000
Stockholders' equity:
Common stock	210,000	210,000
Retained earnings	266,900	114,000
Total liabilities and stockholders equity	$ 821,000	$ 633,300

Additional Information for 2024:

1. Purchased investment in bonds for $96,000.
2. Sold land for $13,900. The land originally was purchased for $21,000, resulting in a $7,100 loss being recorded at the time of the sale.
3. Purchased $51,000 in equipment by issuing a $51,000 long-term note payable to the seller. No cash was exchanged in the transaction.
4. Declared and paid a cash dividend of $20,500.

Required:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note.

Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.

Required:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note.

Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.

Required:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note.

Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.

Required:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note.

Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.

Required:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note.

Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.

Required:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note.

Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.

CLOUD MANGU - FOR THE YEAR ENDED DEC. 31, 2024

Cash Flows from Operating Activities:
Adjustment to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities		$
Cash Flows from Investing Activities:
Net cash flows from investing activities
Cash Flows from Financing Activities:		$
Net Cash Flows from financing activities		$
Cash at beginning of period
Cash at end of period		$
Note: Noncash Activities