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Requirement 1. Prepare the 2024 Statement of Cash Flows by the direct method. (Use a...

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Accounting

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Requirement 1. Prepare the 2024 Statement of Cash Flows by the direct method. (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 zofo.) Complote the statement one section at a time, beginning with the cash flows from operating activities. Year Ended December 31, 2024 Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: Total Cash Payments Data table Data table Data table Data table More info Additionally, One Stop purchased land of $24,700 by financing it 100% with long-term notes payable during 2024. During the year, there were no saleds of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $10,400. The plant acquisition was for cash. Requirements 1. Prepare the 2024 statement of cash flows by the direct method. 2. How will what you learned in this problem help you evaluate an investment

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