Homework. Ch11 HW Score: 0.9 of 2 pts & P11-33A (similar to) The 2018 comparative balance sheet and income statement of Linderman Pet Supply, Inc., are: EEB (Click the icon to view the comparative balance sheet.) EEB (Click the icon to view the income statement.) Complete the statement one section at a time, beginning with the cash flows from operating activities Linderman Pet Supply, Inc Statement of Cash Flows Year Ended December 31, 2018 Cash flows from operating activities Net income $65,500 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense 4,200 Increase in inventory (1,400) Decrease in accounts payable (4,200) Decrease in accounts receivable 1,300 Increase in accrued liabilities 1,900 1,800 Net cash provided by (used for) operating activities 67,300 Cash flows from investing activities: Net cash provided by (used for) investing activities Choose from any list or enter any number in the input fields and then click Check Answer. remaining 5 of 6 (6 complete) HW Linderman Pet Supply, Inc., had no noncash investing and financing transactions duri Linderman Pet Supply, Inc., sold no land or equipment, issued no notes payable, retir Comparative Balance Sheet Increase 2017 (Decrease) 2018 Current Assets s 6,900 5,300 1,600 25,500 26,800 (1.300) Cash and cash equivalents Accounts receivable 91,300 89,900 1,400 Inventory Fixed Assets: 89,50070,000 19,500 Land 53,100 49,000 4,100 Equipment, net $ 266,300 241,000 $ 25,300 Total Assets Current Liabilities: 30,800 s 35,000 s (4.200) Accounts payable 1,900 0,800 28,900 Accrued liabilities Long-Term Liabilities 102.cool 77,000 102,000 (25,000) Notes payable Stockholders Equity: 24,000 88,70064,700 Common stock 28,600 3 266,300S 241,000 25,300 900010.400 Retained earnings Total Liabilities and Stockholders' Equity 5 of 6 (6 complete) cash in d or equ Income Statement Linderman Pet Supply, Inc. ncome Statement Year Ended December 31, 2018 Revenues $ 212,000 Sales revenue 8,300 Interest revenue $ 220,300 Total revenues Expenses: $ 70,600 Cost of goods sold 27,700 Salaries expense 4,200 Depreciation expense 11,300 Other operating expenses 11,600 Interest expense 29,400 Income tax expense 154,800 Total expenses $ 65,500 Net Income Print Done .00.3770, 8.9 10 Question Help | nderman Pet Supply, Inc., had no noncash investing and financing transactions during 2018. During the year Lind erman Pet Supply, Inc., sold no land or equipment, issued no notes payable, retired no stock, and had no treasury stock transactions. Read the requirements Requirements 1. Prepare the 2018 statement of cash flows, formatting operating activities using the indirect method. 2. How will what you learned in this problem help you evaluate an investment in Linderman Pet Supply, Inc.? Print Done Check Answer lear All
