1. Prepare the 2018 statement of cash flors, formatting operating activities by the indirect method. (Use parenthesis or a minus sign for numbers to be subtracted)

Complete the statement one section at a time, beginning with the cash flows from operating activites.

	Granite Rock, 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 (Used for) Operating Activities:
	Net Cash Provided by (Used for) Operating Activities

	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

	Net Increase (Decrease) in Cash
	Cash Balance, December 31, 2017
	Cash Balance, December 31, 2018

	Non-cash Investing and Financing Activities:
	Total Non-cash Investing and Financing Activities

Granite Rock, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: 445,000 206,200 238,800 Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses $73,400 14,700 10,900 99,000 Operating Income Other Income and (Expenses): 139,800 8,100 Interest Revenue Interest Expense Total Other Income and (Expenses) (21,400) Net Income Before Income Taxes Income Tax Expense Net Income (13,300) 126,500 19,500 $ 107,000