(Click the icon for more information.) Requirements 1. Prepare the 2018 statement of cash flows using the direct method 2. How will what you leared in this problem help you evaluate an investment in Bone Appetit Pet Supply, Inc.? Requirement 1. Prepare the 2018 statement of cash flows using the direct method. Complete the statement one section at a time, beginning with the cash flows from operating activit Bone Appetit Pet Supply, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash flows from operating activities: Receipts Total cash receipts Payments Total cash payments Net cash provided by (used for) operating activities More Info ho Bone Appetit Pet Supply, Inc., had no noncash investing and financing transactions during 2018. During the year, Bone Appetit Pet Supply, Inc., sold no land or equipment, issued no notes payable, retired no stock, and had no treasury stock transactions. The cash amounts for Interest revenue, Salaries expense, Interest expense, and Income tax expense are the same as the accrual amounts for these items Comparative Balanch sheet - X Bone Appetit Pet Supply, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase 2018 2017 (Decrease) $ 1,100 6,600 $ 25.200 Current Assets Cash and cash equivalents Accounts receivable Inventory Fixed Assets Land Equipment, net 5,500 $ 26,600 89.800 (1.400 2.100 91.900 89.900 29,200 60,700 49,600 53,200 3.600 $ 266,800 $ 232 200 S 34,600 Total Assets Current Liabilities: $ 30,900 $ 30.600 35.700 5 28,500 (4.800) 2.100 Accounts payable Accrued liabilities Long-Term Liabilities Notes payable Stockholders' Equity Common stock 74.000 101,000 (27.000) 88.900 42,400 64.400 2.600 24,500 39.800 Retained earnings 34 600 5 266,800 $ 232 2005 Total Liabilities and Stockholders' Equity Print Done X Income Statement Bone Appetit Pet Supply, Inc. Income Statement Year Ended December 31, 2018 Revenues. Sales revenue $ 211,000 8,500 Interest revenue Total revenues $ 219,500 $ 70,500 27.300 Expenses Cost of goods sold Salaries expense Depreciation expense Other operating expenses Interest expense 4.600 fo 10.800 11 800 29.800 Income tax expense Total expenses 154,800 Net Income 64.700 Print Done