Please answer as fast as possible for all the requirements.

(Click the icon to view the additional information.) The 2018 income statement and comparative balance sheet of Granite Rock, Inc. follow: (Click the icon to view the income statement.) Click the icon to view the comparative balance sheet.) Read the requirements Requirement 1. Prepare the 2018 Statement of Cash Flows by the direct method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Granite Rock, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: om letar enter any number in the innuit fields and then continue to the next question i Requirements - X Y tivitie 1. Prepare the 2018 statement of cash flows by the direct method. 2. How will what you learned in this problem help you evaluate an investment? Print Done More Info - X Additionally, Granite Rock purchased land of $26,700 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 $10,500. The plant acquisition was for cash. Print Done i Data Table Granite Rock, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 439,000 208,200 Cost of Goods Sold 230,800 Gross Profit Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets Other Operating Expenses $ 76,400 14,600 11,000 102,000 128,800 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 9,000 (21,900) Interest Expense (12,900) Total Other Income and (Expenses) Net Income Before Income Taxes 115,900 Print Done a i Data Table . prmati Year Ended December 31, 2018 Net Sales Revenue $ 439,000 208,200 Cost of Goods Sold hatre Gross Profit 230,800 $ 76,400 14,600 11,000 Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 102,000 128,800 9,000 (21,900) Interest Expense (12,900) Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense 115,900 19,500 Net Income $ 96,400 Print Done i Data Table Granite Rock, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash $ 26,800 $ 15,300 Accounts Receivable 24,900 26,600 80,000 Merchandise Inventory 91,300 Long-term Assets: Land 34,700 8,000 Plant Assets 122,520 (18,620) 108,220 (14,520) Accumulated Depreciation-Plant Assets $ 272,000 $ 233,200 Total Assets Liabilities Current Liabilities: Accounts Payable $ 35,600 $ 30,900 Print Done i Data Table hatic Long-term Assets: Land 34,700 8,000 Plant Assets 122,520 (18,620) 108,220 (14,520) re Accumulated DepreciationPlant Assets $ 272,000 $ 233,200 Total Assets Liabilities Current Liabilities: Accounts Payable $ 35,600 $ 30,900 30,500 Accrued Liabilities 28,300 Long-term Liabilities: Notes Payable 78,000 100,000 Total Liabilities 141,900 161,400 Stockholders' Equity Common Stock, no par 88,200 41,900 64,700 7,100 Retained Earnings Total Stockholders' Equity 130,100 71,800 $ Total Liabilities and Stockholders' Equity 272,000 $ 233,200 Print Done