0 Comparative Balance Sheet Waterman Pet Supply, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Current Assets Cash and cash equivalents Accounts receivable Inventory Fixed Assets 6,300 $ 25,100 91,500 7,000 $ 26,400 89,500 (700) (1,300) 2,000 Print Done 0 Comparative Balance Sheet 91,500 89,500 2,000 Inventory Fixed Assets: Land Equipment, net 89,100 60,900 53,500 49,500 265,500 $ 233,300 $ 28,200 4,000 32,200 $ $ Total Assets Current Liabilities: Accounts payable Accrued liabilities Long-Term Liabilities: Notes payable 30,700$ 30,300 35,400 $ 28,200 (4,700) 2,100 1 000 (27,000) Print 1 of 3 (0 complete) X 0 Comparative Balance Sheet s 265,500 233,300 S 32,200 $ 30,700$ 30,300 35,400 $ 28,200 (4,700) 2,100 Total Assets Current Liabilities Accounts payable Accrued liabilities Long-Term Liabilities: Notes payable Stockholders' Equity Common stock Retained earnings 76,000 103,000 (27,000) 88,000 40,500 265,500 $ 64,800 1,900 233,300 $ 23,200 38,600 32,200 S Total Liabilities and Stockholders' Equity Done 1 of 3 (0 complete) 0 Income Statement Waterman Pet Supply, Inc. Income Statement Year Ended December 31, 2018 Revenues Sales revenue $ 214,000 8,400 Interest revenue $ 222,400 Total revenues Expenses: Cost of goods sold Salaries expense 70,200 27,800 Print Done Income Statement em $ 222,400 Total revenues Expenses Cost of goods sold Salaries expense Depreciation expense Other operating expenses Interest expense 70,200 27,800 4,000 10,900 11,100 29,500 Income tax expense Total expenses 153,500 68,900 Net Income Print Done The 2018 comparative balance sheet and income statement of Waterman Pet Supply, Inc., are: :: (Click the icon to view the comparative balance sheet.) !!! (Click the icon to view the income statement) Waterman Pet Supply, Inc, had no noncash investing the year, Waterman Pet Supply, Inc, sold no land ore stock, and had no treasury stock transactions Read the requirements Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities using the indirect method Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be sub Waterman Pet Supply, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Choose from any list or enter any number in the input fields and then continue to the next question. The 2018 comparative balance sheet and income statement of Waterman Pet Supply, Inc., are: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) Adjustments to reconcile net income to net cash provided by operating activities: 1 11 l III III 1 III 11 11 III 11 Net cash provided by (used for) operating activities Cash flows from investing activities: The 2018 comparative balance sheet and income statement of Waterman Pet Supply, Inc., are :: (Click the icon to view the comparative balance sheet.) :: (Click the icon to view the income statement.) Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities The 2018 comparative balance sheet and income statement of Waterman Pet Supply, Inc. are: (Click the icon to view the comparative balance sheet) (Click the icon to view the income statement) Waterman Pet Supply, Inc, had no noncash inve the year, Waterman Pet Supply, Inc. sold no lanc stock, and had no treasury stock transactions Read the requirements Net increase (decrease) in cash: Cash balance, December 31, 2017 Cash balance, December 31, 2018 Requirement 2. How will what you learned in this problem help you evaluate an investment in Waterman Pet Supply, Inc.? O A. Understand how Waterman's operating activities, investing activities, and financing activities generate cash receipts and cash payments OB. Help predict Waterman's ability to pay debt and dividends OC. Help predict Waterman's future cash flow OD. All of the above