ho 2016 come statement and comparative balance set of Digital Subscriptura, ine, touw. Mieke con to view the income tant) (click then to view the comparative bounce hool) Click he icon to view the additional information) Read the more equirement 1. Prepare te 2011 settement at can town, formaning operating activited by the direct method. (Une a melewa sign or parentheses torrents that result in a secret in cash a bow are used in the statement, wow the bus do not see tornerem) compiute the starte section at a time, beginning win the cash flow from operating at Dighal function, Inc Statement of Cash Flows You Ended December 31, 2018 Cath Potom Opening Av Mto Hecore con il Con Net Proved by used on Operating Act Droom wytorante aty number in the input fields and then click Check Awe 5 perts Co AB Check Awe of Digital Subscr Data Table 1 x brmation.) formatting operati Jult in a decrease in cash. If a b h the cash flows s, Inc. Flows 31, 2018 437,000 202,200 234,800 Digital Subscriptions, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense 70,400 Depreciation Expense-Plant Assets 14,500 Other Operating Expenses 10,300 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 8,300 Interest Expense (22,000) Total Other Income and (Expenses) Net Income Before Income Taxes 95,200 139,600 (13,700) 125,900 19,500 Income Tax Expense elds and then clic Print Done ance sheet of Digital Sul i Data Table x ation.) e sheet.) sh flows, formatting op In a decrease in cash. If a bo Digital Subscriptions, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 Assets 2017 inning with the cash flo scriptions, Inc. of Cash Flows ecember 31, 2018 Current Assets: Cash $ 26,200 $ 15,100 26,300 25,000 79,000 92,000 ash 34,700 12,000 Accounts Receivable Merchandise Inventory Long-term Assets: Land Plant Assets Accumulated Depreciation-Plant Assets Total Assets Llabilities Current Liabilities: Accounts Payable Accrued Liabilities 124,020 (21,120) 112,520 (16,820) $ 269,100 $ 239,800 $ 35,200 $ 30.900 ities 28,200 30,900 input fields and then Print Dana 1 Read the requirements. 1 Subscriptions, Inc. come Statement e a minus sign or parentheses for amounts that result in a de a Table i Requirements X 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? at Assets: Print Done sh counts Receivable 26,300 79,000 25,000 92,000 erchandise Inventory Cerm Assets: nd 34.700 12.000 tions, Inc. e a minus sign or parentheses for amounts that result in a dec ement X * More Info Additionally, Digital Subscriptions purchased land of $22,700 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 $10,200. The plant acquisition was for cash. S: Print Done Receivable 26,300 79,000 25,000 92,000 Elise Inventory ssets: 12 of 12 (5 complete) hati 0 Data Table 79,000 92,000 Merchandise Inventory Long-term Assets: na 12,000 Land 34,700 124,020 (21,120) Plant Assets 112,520 (16,820) Accumulated Depreciation Plant Assets $ 269,100 $ 239,800 Total Assets Liabilities 30,900 Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable 35,200 $ 28,200 30,900 78,000 101.000 Total Liabilities 141,400 162,800 Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 88,100 39,600 64,400 12,600 127,700 77.000 $ 269,100 $ 239,800 Total Liabilities and Stockholders' Equity and then Print Dono