Balance Sheet as of December 31 of 2018 2017 Assets Current Assets Cash 226.35 192.60 Trading securities 87.00 130.00 Interest receivable 2.50 0.00 A/R 93.00 80.00 Inventory 30.00 15.00 Prepaid Other Operating Expense 5.00 15.00 Current Assets, Total 443.85 432.60 Long term investment Debt Securities (AFS) 0.00 50.00 Property, Plants and Equipment Land 100.00 120.00 Building 120.00 120.00 Less : Accumulated Depreciation - Building (24.00) (12.00) Equipment 50.00 80.00 Less : Accumulated Depreciation - Equipment (16.00) (25.00) PP&E, Total 230.00 283.00 Total Assets 673.85 765.60 Liabilities Current Liabilities Accounts Payable 55.00 40.00 Unearned Revenue 84.00 52.00 Salary payable 32.00 24.00 Interest payable 5.00 1.50 Income tax payable 50.00 52.40 Dividend payable 5.00 0.00 Current liabilities, Total 231.00 169.90 Long term liabilities Notes payable 50.00 100.00 Equities Preferred Stock - $10 par 80.00 80.00 Common Stock (issued, $2 par) 160.00 160.00 Less : Treasury stock, at cost (30.00) (14.00) Retained Earnings 182.85 269.70 Equities, Total 392.85 495.70 Total Liabilities and Equities 673.85 765.60 Income Statement 2018 Revenue 1,200.00 COGS 950.00 Gross profit 250.00 Operating Expenses Salary Expense 120.00 Depreciation expense for building and equipment 19.25 Other operating expense (excluding salary expense and depreciation expense) 220.00 Operating income (109.25) Other incomes and expenses Interest Expense (6.50) Interest Revenue Gain on Sale of Equipment 1.00 Loss on Sale of Land (10.00) Income from Operations before Taxes (119.75) Income Tax expense (47.90) Net loss (71.85) 5.00 c. Prepare a table to show cash flows from investing activities (CFI). Show your work clearly for all the numbers. D. Prepare a table to show cash flows from financing activities (CFF). Show your work clearly for all the numbers