P14-34A (similar to) The 2018 income statement and comparative balance sheet of All Wired, Inc. follow Click the icon to view the income statement) (Click the icon to view the comparative balance sheet.) (Click the icon to view Read the requirements label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities All Wired, 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: Depreciation Expense-Plant Assets Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities 14600 Net Cash Provided by (Used for) Operating Activities Choose from any list of enter any number in the input fields and then click Check Answer Clear All 101 cp) * Data Table Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 435,000 207,200 Cost of Goods Sold Gross Profit 227,800 Operating Expenses: Salaries Expense 79,400 Depreciation Expense --Plant Assets 14.600 Other Operating Expenses 10.100 104.100 Total Operating Expenses Operating Income 123.700 Other Income and (Expenses): Interest Revenue 8.600 (21.800 Interest Expense 13.200 Total Other Income and Expenses) Net Income Before Income Taxes 110.500 19.700 Income Tax Expense 90.800 Net Income Print Done 1 of 1 (0 complete) i Data Table bitio pera All Wired, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Long-term Assets 26,100 $ 26,300 79.500 15,200 25,500 92.000 600 Land Plant Assets 34.400 124650 (21750) 269,200 5 Accumulated Depreciation Plant Assets 10,000 107 480 (19.780) 230.400 Total Asset $ Liabilities Current Liabilities Accounts Payable red Liabile 35.000 28 300 29.900 30100 Point Done 1 of 1 (0 complete) - X i Data Table ation.) IT CETTE VETTUTY T9,900 2.VVU Long-term Assets Land Plant Assets 34,400 124,650 (21,750) 269,200 $ 10,000 107,480 (19.780) 230,400 Accumulated Depreciation-Plant Assets $ Total Assets Liabilities 35,000 $ 28,300 29,900 30,100 Current Liabilities Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities 76,000 100.000 139,300 160.000 Stockholders' Equity Common Stock no par Retained Earnings Total Stockholders Equity abies and Stockholders Equity 88.000 41.900 129,900 269,200 $ 64,400 6.000 70.400 230,400 Print Done Read the requirements ih flows from operating activities. Requirements 14600 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 Print [Done hen click Check Answer 1 of 1 (0 complete) A (Click the icon to view the additional information.) Read the requirements. ating activities More Info Additionally, All Wired purchased land of $24.400 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 $12.630. The plant acquisition was for cash Print Print Done