Data table Cobbs Hill, Inc. Income Statement Year Ended December 31, 2024 - Data table Cobbs Hill, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense 70,400 Depreciation Expense-Plant Assets 14,700 1 $ 438,000 205,200 Current Assets 232,800 Cash Accounts Receivable Merchandise Inventory Assets $ 26,000 $ 15,400 26,600 25,200 80,000 91,000 10.900 Long-term Assets: Other Operating Expenses Land 34,400 96,000 10.000 Total Operating Expenses Plant Assets 121,850 109,150 Operating Income 136,800 Accumulated Depreciation-Plant Assets (19,950) (15,450) Other Income and (Expenses) S 268,900 $ 235,300 Interest Revenue 8,900 Total Assets Interest Expense (21.000) Liabilities Print Done X Print Done Next Requirements 1. Prepare the 2024 statement of cash flows by the direct method. 2. How will what you learned in this problem help you evaluate an investment? Print Done - X