The income statement, balance sheets, and addilional informatlon for Cloud Mangu are provided. Additional Information...
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The income statement, balance sheets, and addilional informatlon for Cloud Mangu are provided. Additional Information for 2024 : 1. Purchased investment in bonds for $115,000. 2. Sold land for $31,000. The land originally was purchased for $40,000, resulting in a $9,000 loss being recorded at the time of the sale. 3. Purchased $70,000 in equipment by issuing a $70,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and naid a cash dividend of $30.000 statement of Cash Flows For the Year Ended December 31, 2024 Cash Hlows from Operating Activities Adjustments to reconcile net income to net cash llows lrom 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 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 the beginning of the period $ Cash at the end of the period Note. Noncash Activities
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