Data Table Data Table Granite Rock, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Granite Rock, Inc. sign or par Income Statement t, leave th 2018 2017 Year Ended December 31, 2018 vities. Assets Net Sales Revenue $ 438,000 203,200 Current Assets Cost of Goods Sold Cash $ 26,100 $ 15,100 234,800 Accounts Receivable 26,400 25,100 79,500 91,800 $ 73,400 Merchandise Inventory Long-term Assets: Land 14,800 10,800 34,600 Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Plant Assets 11,000 108,330 (18,630) 121,930 (23,030) 99,000 Accumulated DepreciationPlant Assets 135,800 Total Assets $ 265,500 $ 232,700 Liabilities 8,600 (21,400) Current Liabilities: Interest Expense Accounte Pavabla 25 800 20 100 Total Other Income and (Expenses) (12,800) Data Table Land 34,600 11,000 Plant Assets Net Sales Revenue $ 438,000 121,930 (23,030) 108,330 (18,630) Accumulated DepreciationPlant Assets sign or par Cost of Goods Sold 203,200 t, leave $ 265,500 $ Total Assets 232,700 Gross Profit 234,800 vities. Liabilities Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets $ 73,400 $ 35,800 $ 30,100 Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: 14,800 10,800 28,200 30,500 99,000 73,000 105,000 Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Notes Payable Total Liabilities 135,800 137,000 165,600 Stockholders' Equity 8,600 (21,400) Common Stock, no par Interest Expense 88,000 40,500 64,400 2,700 Retained Earnings (12,800) Total Other Income and (Expenses) Net Income Before Income Taxes Total Stockholders' Equity 128,500 67,100 123,000 19,800 $ 232,700 265,500 $ Total Liabilities and Stockholders' Equity Income Tax Expense $ 103,200 Net Income Print Done Total Cash Payments Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: More Info Additionally, Granite Rock purchased land of $23,600 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 $10,400. The plant acquisition was for cash. Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Print Done Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Choose from any list or enter any number in the input fields and then continue to the next question. Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 More Info Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: Additionally, Granite Rock purchased land of $23,600 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 $10,400. The plant acquisition was for cash. Total Non-cash Investing and Financing Activities Print Done Requirement 2. How will what you learned in this problem help you evaluate an investment? O A. Learn how to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay its debts and dividends O B. Learn how operating activities, investing activities, and financing activities generate cash receipts and cash payments O C. Both A and B D. None of the above