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The 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) B (Clicly the icon to view the comparative balance sheet.) $ 108,500 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: Depreciation Expense-Plant Assets Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities 14,300 (1,100) 12,200 5,600 (2,500) 28.500 Choose from any lietor of * Data Table Inc. ih Flo ber 31 Granite Rock, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 441,000 203,200 237,800 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 71,400 14,300 11,000 96,700 141,100 8,100 Interest Expense (21,700) The input fields Print Done Granite Rock, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash 26,500 $ 26,300 15,300 25,200 91,400 79,200 Accounts Receivable Merchandise Inventory Long-term Asseis: Land Plant Assets 7,000 34,600 127,330 (22,430) 271,500 $ 114,330 (18,630) Accumulated Depreciation-Plant Assets Total Assets $ 234,600 Liabilities er in the Print Done - Liabilities Current Liabilities: Accounts Payable 35,800 $ 28,100 30,200 30,600 Accrued Liabilities ca Long-term Liabilities: 73,000 106,000 Notes Payable Total Liabilities 136,900 166,800 Stockholders' Equity Common Stock, no par 64,800 3,000 Retained Earnings 88,300 46,300 134,600 271,500 $ Total Stockholders' Equity Total Liabilities and Stockholders' Equity 67,800 234,600 $ er in the Print Done CICATRI Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities (1,100) 12,200 5,600 (2,500) 28,500 137,000 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Net Cash Provided by (Used for) Investing Activities Choose from Additionally, Granite Rock purchased land of $27,600 by financing it 100% with long-term notes payable during 2018. During the year, there were no sales of land, no retirements of stock, and no treasury stock transactions. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $10,500. The plant acquisition was for cash. Print Done