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I NEED HELP WITH THIS PROBLEM. THIS IS AN EXAMPLE OF WHAT THE PROBLEM IS. THIS IS THE ACTUAL PROBLEM THAT I NEED HELP WITH.
I NEED HELP WITH THIS PROBLEM. THIS IS AN EXAMPLE OF WHAT THE PROBLEM IS.
Grand Tree, Inc. Statement of Cash Flows Year Ended December 31, 2024 Net Cash Provided by (Used for) Operating Activities 118,6 Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets (21,800) Net Cash Provided by (Used for) Investing Activities (21,800) Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock (56,000) Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Requirement 2. How will what you learned in this problem help you evaluate an investment? A. Learn how to predict future cash flows, evaluate management decisions, and predict the ability of the to pay its debts and dividends B. Learn how operating activities, investing activities, and financing activities generate cash receipts and payments C. Both A and B D. None of the above Iver sares Revenue Cost of Goods Sold Gross Profit 227,800 Operating Expenses: \begin{tabular}{lrl} Salaries Expense & $79,400 \\ \hline Depreciation Expense-Plant Assets & 14,600 \\ \hline Other Operating Expenses & 10,500 \\ \hline Total Operating Expenses & 104,500 \\ \hline Operating Income & 123,300 \\ \hline \end{tabular} Other Income and (Expenses): \begin{tabular}{lrr} \multicolumn{1}{l}{ Interest Revenue } & 8,900 \\ \hline Interest Expense & (21,000) & \\ Total Other Income and (Expenses) & (12,100) \\ \cline { 2 - 3 } Net Income Before Income Taxes & 111,200 \\ \hline Income Tax Expense & 19,900 \\ \hline & $1,300 \\ \hline \end{tabular} 20242023 Assets Current Assets: \begin{tabular}{lrrr} Cash & $ & 26,300 & $15,000 \\ \hline Accounts Receivable & 26,600 & 25,100 \\ \hline Merchandise Inventory & 79,200 & 91,900 \\ \hline Long-term Assets: & & \\ \hline Land & 34,400 & 11,000 \\ \hline Plant Assets & 125,980 & 115,520 \\ \hline Accumulated Depreciation-Plant Assets & (21,080) & (17,820) \\ \hline Total Assets & $ & 271,400 & $240,700 \\ \hline \hline \end{tabular} Liabilities Current Liabilities: Accounts Payable $34,900$30,900 vanurow, 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: Net Cash Provided by (Used for) Operating Activities CanGrow, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: \begin{tabular}{|lrr|} \hline Salaries Expense & $70,400 \\ \hline Depreciation Expense-Plant Assets & 14,100 \\ \hline Other Operating Expenses & 10,800 \\ \hline Total Operating Expenses & 95,300 \\ \hline Operating Income & 140,500 \\ \hline Other Income and (Expenses): & \\ \hline Interest Revenue & 8,000 \\ \hline Interest Expense & (21,600) \\ \hline \end{tabular} Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income (13,600)126,90019,000$107,900 CanGrow, Inc. Comparative Balance Sheet December 31, 2024 and 2023 20242023 Assets Current Assets: \begin{tabular}{|lccc|} \hline \multicolumn{1}{|c}{ Plant Assets } & 119,420 & 114,520 \\ \hline \multicolumn{1}{c}{ Accumulated Depreciation-Plant Assets } & (20,520) & (16,820) \\ \hline Total Assets & $265,900 & $237,700 \\ \hline \end{tabular} Liabilities Current Liabilities: Accounts Payable Accrued Liabilities $35,100$28,10030,20030,800 Long-term Liabilities: Notes Payable Total Liabilities 135,200164,000 Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Additionally, CanGrow purchased land of $26,800 by financing it 100% with long-term notes payable during 2024. During the y 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 $10,400. The plant acquisition was for cash THIS IS THE ACTUAL PROBLEM THAT I NEED HELP WITH. PLEASE PLEASE HELP ME FINISH THIS PROBLEM. PLEASE USE THE EXAMPLE ABOVE TO BE ABLE TO ANSWER ALL THE QUESTIONS ON THE BOTTOM.
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