0 Data Table Data Table The 2024 Income statement and comparative balance sheet o (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Requirement 1. Prepare the 2024 statement of cash flows, to emply; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with Rolling Hills, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 Assets Rolling Hills, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit 2023 S 440,000 209,200 Current Assets 230,800 Cash $ 26,900 S 26,500 15,700 25,400 Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets $ 77,400 14,400 79,800 91,500 Rolling Hills, Inc. Statement of Cash Fiq Year Ended December 31 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Llabilities Accounts Receivable Merchandise Inventory Long-term Assets: Land Other Operating Expenses 10,200 14,000 102,000 Plant Assets 35,100 124,840 (18.940) 114,650 128,800 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Accumulated Depreciation-Plant Assets (17.950) $ Total Assets 274,200 S 243,300 8,700 (21,100) Liabilities Interest Expense Current Liabilities: (12,400) Total Other Income and (Expenses) Net Income Before Income Taxes S 35,700 S 30,400 Accounts Payable Accrued Liabilities 116,400 20 con 28,700 30,300 0 Data Table Data Table The 2024 Income statement and comparative balance sheet o (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Requirement 1. Prepare the 2024 statement of cash flows, to emply; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with Rolling Hills, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 Assets Rolling Hills, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit 2023 S 440,000 209,200 Current Assets 230,800 Cash $ 26,900 S 26,500 15,700 25,400 Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets $ 77,400 14,400 79,800 91,500 Rolling Hills, Inc. Statement of Cash Fiq Year Ended December 31 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Llabilities Accounts Receivable Merchandise Inventory Long-term Assets: Land Other Operating Expenses 10,200 14,000 102,000 Plant Assets 35,100 124,840 (18.940) 114,650 128,800 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Accumulated Depreciation-Plant Assets (17.950) $ Total Assets 274,200 S 243,300 8,700 (21,100) Liabilities Interest Expense Current Liabilities: (12,400) Total Other Income and (Expenses) Net Income Before Income Taxes S 35,700 S 30,400 Accounts Payable Accrued Liabilities 116,400 20 con 28,700 30,300