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The 2024 income statement and comparative balance sheet of Rolling Hills, Inc. follow. (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Rolling Hills, Inc. Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: $ 96,400 14,400 5,300 Depreciation Expense-Plant Assets Increase in Accounts Payable Decrease in Accrued Liabilities Increase in Accounts Receivable Decrease in Merchandise Inventory Net Cash Provided by (Used for) Operating Activities (1.600) (1.100) 11.700 125,100 Help me solve this Etext pages Calculator - X Data table Rolling Hills, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 440,000 209,200 Cost of Goods Sold Gross Profit 230,800 Operating Expenses: Salaries Expense 77.400 Depreciation Expense_Plant Assets 14,400 10.200 Other Operating Expenses 102.000 128,800 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 8.700 (21 100) Interest Expense 100 Print Done ata table Cost of Goods Sold 209.200 Gross Profit 230,800 $ 77.400 14,400 10,200 102,000 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) 128.800 8,700 (21.100) (12.400) 116.400 Net Income Before Income Taxes 20,000 Income Tax Expense $ 96,400 Net Income Print Done 310857&questioni Mushed falecid=68387658centerwinyes Question 10, PF14-34A (book/static) HW Score - X Data table Rolling Hill, Inc. Compative Balance sheet December 31, 2024 and 2023 2024 2003 Assets Current Assets 5 26.900 26.500 79,00 15700 25.400 1,100 Cash Accounts Receivable Merchandise Inventory Long term AS Land Plant Assets 35,100 2440 14,000 114.00 (17.50 20,00 Accumulated Depreciation Plant Assets (19.40 274.200 $ Total Assets Liais Print Done hp Dll O OC O $ 96 IL || & | A 2310657&questionld4&flushed-false&cid=6838165¢erwineyes Question 10, PF14-34A (book/static) Data table Plant Assets Accumulated Depreciation-Plant Assets 124,840 (18,940) 134.650 (17.950) $ 274.2005 243,300 Total Assets tro Liabilities Current Liabi $ 30.400 35.700 5 28,700 30.30 Accounts Payable Accrued Liabilities Long term Liabilities Notes Payable Total Liabilities 79,000 10.000 143.400 158.700 Stockholders' Equity Common stock, ne par 88,000 41,900 64 500 10.100 130.000 TA Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 274,200 $ 243,20 Print Done hp O Doc &questionidAflushed-false&cd=68381658centerwin-yes Question 10, PF14-34A (book/static) HW SC Pol Part 1016 Click the icon to view the additional info Read the requirements - X More info Additionally, Rolling Hils purchased land of 21.100 by financing at 100 with long-term notes payable during 2024. During the year, there were no sales of land, no retirements of stock, and no reasury stock transactions. A plant asset was disposed of for so. The cost and accumulated depreciation of the disposed asset was $13.410. The plant acquisition was for cash Print Done .600) 100) 11.700 125.100 hp O