Data Table The 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Net Sales Revenue $ 437,000 210,200 Cost of Goods Sold the staten Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. (Use a miny select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Gross Profit 226,800 $ 74,400 Granite Rock, Inc. Statement of Cash Flows Operating Expenses Salaries Expense Depreciation ExpensePlant Assets Other Operating Expenses 14,200 10,700 Year Ended December 31, 2018 Cash Flows from Operating Activities: 99,300 Net Income 127,500 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Total Operating Expenses Operating Income Other Income and (Expenses) Interest Revenue 8,200 (21,600) Interest Expense (13,400) Total Other Income and (Expenses) Net Income Before Income Taxes 114,100 19, 100 Income Tax Eynense Choose from any list or enter any number in the input fields and then continue to the next question. Print Done IT Type here to search O w ? Data Table The 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) E: (Click the icon to view the comparative balance sheet.) Cost of Goods Sold ZIU, ZUU Adjustments to Reconcile Net Income to Net Cash Gross Profit 226,800 Provided by (Used for) Operating Activities: Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets $ 74,400 14,200 10,700 99,300 Acquisition of Land by Issuing Long-term Notes Payable Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Decrease in Accrued Liabilities Decrease in Merchandise Inventory Depreciation Expense-Plant Assets Increase in Accounts Payable Increase in Accounts Receivable Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses). Interest Revenue 127,500 8,200 (21,600) Interest Expense (13,400) Total Other Income and (Expenses) Net Income Before Income Taxes 114,100 19, 100 Income Tax Expense $ 95,000 Net Income Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Net Cash Provided by (Used for) Operating Activities Cash Flows from 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 Choose from any list or enter any number in the input fields and then continue to the next question. (Click the icon to view the comparative balance sheet.) Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities 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 i Data Table tion 2018 2017 kase $ Assets Current Assets Cash Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Accumulated DepreciationPlant Assets 26,000 $ 26,400 79,300 15,500 25,500 91,000 34,800 118,580 (20,680) 13,000 107,520 (17,820) $ Total Assets 264,400 $ 234,700 Liabilities Current Liabilities: Accounts Payable Accrued Liabilities $ 35,100 $ 28,400 30,800 30,500 Print Done i Data Table tion. Plant Assets 118,580 (20,680) 107,520 (17,820) 264,400 $ 234,700 base $ 35,100 $ 28,400 30,800 30,500 Accumulated DepreciationPlant Assets $ Total Assets Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity $ Total Liabilities and Stockholders' Equity 73,000 101,000 136,500 162,300 88,500 39,400 64,900 7,500 127,900 72,400 264,400 $ 234,700 Print Done Data Table The 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Net Sales Revenue $ 437,000 210,200 Cost of Goods Sold the staten Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. (Use a miny select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Gross Profit 226,800 $ 74,400 Granite Rock, Inc. Statement of Cash Flows Operating Expenses Salaries Expense Depreciation ExpensePlant Assets Other Operating Expenses 14,200 10,700 Year Ended December 31, 2018 Cash Flows from Operating Activities: 99,300 Net Income 127,500 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Total Operating Expenses Operating Income Other Income and (Expenses) Interest Revenue 8,200 (21,600) Interest Expense (13,400) Total Other Income and (Expenses) Net Income Before Income Taxes 114,100 19, 100 Income Tax Eynense Choose from any list or enter any number in the input fields and then continue to the next question. Print Done IT Type here to search O w ? Data Table The 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) E: (Click the icon to view the comparative balance sheet.) Cost of Goods Sold ZIU, ZUU Adjustments to Reconcile Net Income to Net Cash Gross Profit 226,800 Provided by (Used for) Operating Activities: Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets $ 74,400 14,200 10,700 99,300 Acquisition of Land by Issuing Long-term Notes Payable Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Decrease in Accrued Liabilities Decrease in Merchandise Inventory Depreciation Expense-Plant Assets Increase in Accounts Payable Increase in Accounts Receivable Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses). Interest Revenue 127,500 8,200 (21,600) Interest Expense (13,400) Total Other Income and (Expenses) Net Income Before Income Taxes 114,100 19, 100 Income Tax Expense $ 95,000 Net Income Choose from any list or enter any number in the input fields and then continue to the next question. Print Done Net Cash Provided by (Used for) Operating Activities Cash Flows from 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 Choose from any list or enter any number in the input fields and then continue to the next question. (Click the icon to view the comparative balance sheet.) Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities 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 i Data Table tion 2018 2017 kase $ Assets Current Assets Cash Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Accumulated DepreciationPlant Assets 26,000 $ 26,400 79,300 15,500 25,500 91,000 34,800 118,580 (20,680) 13,000 107,520 (17,820) $ Total Assets 264,400 $ 234,700 Liabilities Current Liabilities: Accounts Payable Accrued Liabilities $ 35,100 $ 28,400 30,800 30,500 Print Done i Data Table tion. Plant Assets 118,580 (20,680) 107,520 (17,820) 264,400 $ 234,700 base $ 35,100 $ 28,400 30,800 30,500 Accumulated DepreciationPlant Assets $ Total Assets Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity $ Total Liabilities and Stockholders' Equity 73,000 101,000 136,500 162,300 88,500 39,400 64,900 7,500 127,900 72,400 264,400 $ 234,700 Print Done