net income:70600

y st December 31, 2018 and 2017 Increase (Decrease) 2018 2017 rs to Current Assets: Cash and cish equivalents Accounts receivable Inventory Fixed Assets: Land 6,900 $ 25,300 91,800 5,300 $ 26,700 89,500 1,600 (1,400) 2,300 Equipment, net 89,000 53,100 266,100 $ 60,500 49,800 231,800 $ 28,500 3,300 34,300 Total Assets $ 266,100 $ 231,800 $ 34,300 (4,500) 30,500 $ 30,700 35,000 $ 28,000 2,700 Total Assets Current Liabilities: Accounts payable Accrued liabilities Long-Term Liabilities: Notes payable Stockholders' Equity Common stock 76,000 100,000 (24,000) 89.000 39,900 Retained earnings 64,100 4.700 231,800 $ 24,900 35,200 34,300 266,100 $ Total Liabilities and Stockholders' Equity Sales revenue 216,000 8,400 Interest revenue $ 224,400 00 Total revenues Expenses: Cost of goods sold Salaries expense Depreciation expense Other operating expenses Interest expense 00) 70,900 27,500 4,200 10,200 12,400 28,600 200 Income tax expense BOO Total expenses 153,800 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Net cash provided by (used for) operating activities 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 Requirement 2. How will what you learned in this problem help you evaluate an investment in Waterman Pet Supply, Inc.? O A. Help predict Waterman's future cash flow OB. Understand how Waterman's operating activities, investing activities, and financing activities generate cash receipts and ca OC. Help predict Waterman's ability to pay debt and dividends