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help! here is additional incormation ! 1 of 11 (0 complete) Tree, 141 i Data Table brm Grand Tree, Inc. ng operat Income Statement ult

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1 of 11 (0 complete) Tree, 141 i Data Table brm Grand Tree, Inc. ng operat Income Statement ult ir Year Ended December 31, 2018 ash flows Nel Sales Revenue $ 438,000 206,200 231,800 18 74,400 15,000 10,500 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) 99,900 131,900 9,000 (22.000) (13,000) as and then col Print Done here) ei Data Table ber Net Sales Revenue $ 438,000 206,200 Derat) Jult 231,800 OWS 74,400 15,000 10,500 99.900 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income 131,900 9,000 (22,000) (13,000) 118,900 19,200 $ 99,700 then co Print Done 1 of 11 (0 complete) Tre i Data Table ation.) ng op Grand Tree, Inc. Comparative Balance Sheet December 31, 2018 and 2017 In a decu ash fio 2018 2017 Assets 18 15,500 26,600 $ 26,300 79,600 25,600 91,000 Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Accumulated Depreciation-Plant Assets Total Assets Liabilities Current Liabilities: 34.800 12,000 118,890 (17,990) 107,310 (15,610) $ 268,200 $ 235,800 Accounts Payable 35.200 S 30.700 as and thor Print Done C Search or type URL 1 of 11 (0 complete) and Tre Data Table ption. Land tting op 34,800 12,000 Plant Assets In a ded 118,890 (17,990) cash flo 107,310 (15,610) 235,800 $ 268,200 $ 5 2018 35,200 $ 30,700 Accumulated Depreciation--Plant Assets Total Assets Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par 28,200 30,600 76,000 101.000 139,400 162,300 Retained Earnings 88.400 40,400 64,400 9,100 Total Stockholders' Equity 128,800 73,500 Total Liabilities and Stockholders' Equity $ 268,200 $ 235,800 as and then Print Done Done his Question: 40 pts The 2018 income statement and comparative balance sheet of Grand Tree, Inc. follow: (Click the icon to view the income statement.) Click the icon to view the comparative balance sheet.) Grand Tree, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided Used for) Operating Activities Cash Flows from Investing Activities: Choose from any list or enter any number in the input fields and then continue to the next question. esc C C Search or type The 2018 income statement and comparative balance sheet of Grand Tree, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) 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 Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Choose from any list or enter any number in the input fields and then continue to the next question esc Search or type - Question: 40 pts 1 of 11 (0 complete) Grand Tree, Inc. follow The 2018 Income statement and comparative balance sheet (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Click the Read the require 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 Requirement 2. How will what you leared in this problem help you evaluate an investment? OA Leam how operating activities, investing activities, and financing activities generate cash receipts and cash payments B. Learn how to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay their debts and dividend OC Both A and B OD. None of the above Choose from any list of enter any number in the input fields and then continue to the next question esc Search or type URL R Inc. follow: (Click the icon to view the additional informatio Read the requirements Requirements 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method 2. How will what you learned in this problem help you evaluate an investment? Print Done evaluat uncing activities generate cash receipts and cash payments ment decisions, and predict the ability of the company to pay their debts and dividends and then continue to the next question Search or type URL 5 6 Read the requirements. Operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result i flows.from.operating activities * More Info Additionally, Grand Tree purchased land of $22,800 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 $12,620. The plant acquisition was for cash. Print Done and then continue to the next question G Search or type URL + 5 6 7 00 8 9

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