ccountants for Morston, Inc. have assembled the following data for the year ended December 31, 2024: (Click the icon to view the current accounts.) (Click the icon to view the transaction data.) repare Morston's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities. Data table Acquisition of Land by Issuing Long-term Notes Payable Cash Payment of Dividends Transaction Data for 2024: Cash Payment of Notes Payable Issuance of common stock for cash Depreciation expense Cash Payment for Acquisition of Equipment $ 39,000 21,000 68,000 114,000 Purchase of equipment with cash Cash Receipt from Issuance of Common Stock Acquisition of land by issuing long-term notes payable Book value of building sold 55,000 Cash Receipt from Issuance of Notes Payable Cash Receipt from Sale of Building Data table Decrease in Accounts Receivable Decrease in Income Tax Payable Depreciation Expense 58,000 (68,000) Gain on Sale of Building Increase in Accounts Payable Increase in Merchandise Inventory W Y Net Cash Provided by (Used for) Financing Activities Help me solve this Demodocs example Get more help. (10,000) Current Assets Cash Accounts Receivable Merchandise Inventory Accounts Payable Income Tax Payable Print Current Liabilities: Payment of notes payable Payment of cash dividends Issuance of notes payable to borrow cas Gain on sale of building Net income - X 2024 $ 103,700 S 64,400 86,000 57,700 14,400 Done 2023 17,000 68,900 81,000 56,100 16,200 Clear all Che

ory Bookmarks Profiles Tab YouTube Mc Graw Hill ation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252FI... Classes N Netflix Dashboard EDU 1011 (2019-F... G Annotated Bibliog... 1 Required information [The following information applies to the questions displayed below.] 10 Q A Expenses prior years follow. Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and S (2 LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 2 2 At December 31 Accounts receivable Inventory Accounts payable Salaries payable SOF Utilities payable Prepaid insurance Prepaid rent W S # Window Help 3 LANSING COMPANY Selected Balance Sheet Accounts 20 F3 □ (20 (2 E D $ 4 $ 127,200 Current Year $ 6,600 2,980 5,400 1,080 OOD DOD F4 52,000 17,000 28,000 10,000 R 4,800…

Use the following excerpts from Yardley Company's financial information. Dec. 31, 2018 Dec. 31, 2017 Cash $245,100 $225,000 Accounts Receivable 38,350 35,350 Merchandise Inventory 59,900 58,700 Land 165,000 65,000 Plant Assets 170,000 170,000 Accumulated Depreciation (49,000) (37,000) Total Assets $629,350 $517,050 Accounts Payable $29,100 $27,300 15,500 12,000 Accured Liabilities 45,000 20,000 Common Stock 539,750 457,750 Retained Earnings $629,350 $517,050 Total Liabilities and Equity Additional Information: $95,000 Net Income for 2018 12,000 Depreciation Expense for 2018 100,000 Land Purchased, for Cash 25,000 Stock Issued in Exchange for Cash, At Pat Value 13,000 Dividend Declared and Paid Prepare a statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Yardley Company

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