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The following are comparative balance sheets and an income statement for Wentworth Company. Wentworth Company Balance Sheets as of December 31 2024 2023 Cash $ 19,500 $ 129,000 Accounts receivable 204,000 114,000 Inventory 189,000 234,000 Long-term investments 0 69,000 Total assets $ 412,500 $ 546,000 Liabilities and shareholders' equity Accounts payable $ 80,400 $ 129,000 Operating expenses payable 24,900 15,900 Bonds payable 74,500 109,000 Common stock 134,000 134,000 Retained earnings 98,700 158,100 Totals $ 412,500 $ 546,000 Wentworth Company Income Statement For the Year Ended December 31, 2024 Sales $ 576,000 Cost of goods sold: Beginning inventory $ 234,000 Purchases 339,000 Goods available for sale 573,000 Less: ending inventory 189,000 Cost of goods sold 384,000 Gross profit 192,000 Operating expenses 189,000 Income from operations 3,000 Other expenses: Loss on sale of long-term investment (8,400) Net loss $ (5,400) Cash dividends of $54,000 were paid in 2024. The following are comparative balance sheets and an income statement for Wentworth Company. Wentworth Company Balance Sheets as of December 31 2024 2023 Cash $ 19,500 $ 129,000 Accounts receivable 204,000 114,000 Inventory 189,000 234,000 Long-term investments 0 69,000 Total assets $ 412,500 $ 546,000 Liabilities and shareholders' equity Accounts payable $ 80,400 $ 129,000 Operating expenses payable 24,900 15,900 Bonds payable 74,500 109,000 Common stock 134,000 134,000 Retained earnings 98,700 158,100 Totals $ 412,500 $ 546,000 Wentworth Company Income Statement For the Year Ended December 31, 2024 Sales $ 576,000 Cost of goods sold: Beginning inventory $ 234,000 Purchases 339,000 Goods available for sale 573,000 Less: ending inventory 189,000 Cost of goods sold 384,000 Gross profit 192,000 Operating expenses 189,000 Income from operations 3,000 Other expenses: Loss on sale of long-term investment (8,400) Net loss $ (5,400) Cash dividends of $54,000 were paid in 2024. The following are comparative balance sheets and an income statement for Wentworth Company. Wentworth Company Balance Sheets as of December 31 2024 2023 Cash $ 19,500 $ 129,000 Accounts receivable 204,000 114,000 Inventory 189,000 234,000 Long-term investments 0 69,000 Total assets $ 412,500 $ 546,000 Liabilities and shareholders' equity Accounts payable $ 80,400 $ 129,000 Operating expenses payable 24,900 15,900 Bonds payable 74,500 109,000 Common stock 134,000 134,000 Retained earnings 98,700 158,100 Totals $ 412,500 $ 546,000 Wentworth Company Income Statement For the Year Ended December 31, 2024 Sales $ 576,000 Cost of goods sold: Beginning inventory $ 234,000 Purchases 339,000 Goods available for sale 573,000 Less: ending inventory 189,000 Cost of goods sold 384,000 Gross profit 192,000 Operating expenses 189,000 Income from operations 3,000 Other expenses: Loss on sale of long-term investment (8,400) Net loss $ (5,400) Cash dividends of $54,000 were paid in 2024. Required: Prepare a statement of cash flows for 2024 using the direct method. Note: Amounts to be deducted should be indicated with a minus sign.

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