(Click the icon to view the additional information) The 2018 income statement and comparative balance sheet of Grand To Inc. follow Click the icon bow the income statement.) Click the icon to view the comparative balance shot) Read the requirements Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. Use a mission or parentes for amounts that result in a decrease in cash of a box is not used in the statement, leave the box omply do not select a label or enter a zoo.) Complete the statement one section at a time, beginning with the cash flows from operating activities Grand Tree, Inc. Statement of Cash Flows Year Ended Dember 31, 2018 Cash Flows from Onerating Active 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 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 Canh Dinnen Danmar 24 0040 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 Requirement 2. How will what you learned in this problem help you evaluate an investment? O A. Learn how operating activities, investing activities, and financing activities generate cash receipts and cash pay Time Remaining: 12 (0 complete) This i Data Table - XE $ 444,000 200,200 243,800 Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense $ 78,400 Depreciation Expense-Plant Assets 14,300 Other Operating Expenses 10,600 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 8,100 103,300 140,500 Print Done DOLL Christian Duran & 05/ Time Remaining: 05:58: 1 of 12 (0 complete) This Test: 1 Que * Data Table 14,300 10,600 103,300 Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 140,500 8,100 (21,700) Interest Expense (13,600) Total Other Income and (Expenses) Net Income Before Income Taxes 126,900 19,100 Income Tax Expense $ 107,800 Net Income cash Print Done ext DLL Christian Duran & 1 05 26 Time Remaining: 05:58 1 of 12 (0 complete) This Test: * Data Table Que 2018 2017 26,800 $ 26,400 79,900 15,300 25,700 91,800 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Accumulated Depreciation-Plant Assets Total Assets Liabilities 35,400 116,740 (20,840) 264,400 $ 13,000 112,480 (19,780) 238,500 $ Print [Done DELL Christian Duran : 105 Time Remaining: 05:58 1 of 12 (0 complete) This Test: i Data Table Que Lidlues Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: 34,900 $ 28,400 30,500 30,600 78,000 107,000 141,300 168,100 Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 64,000 6,400 88,500 34,600 123,100 264,400 $ 70.400 238,500 Print Done l ** /6 DOLL A More Info Additionally, Grand Tree purchased land of $22,400 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 $13,240. The plant acquisition was for cash. Print Done