Please follow requirements and provided data from income statement and balance sheet to complete statement of cash flows.

Data Table The 2018 income statement and comparative balance sheet of Cobbs Hill, Inc fallow El (Click the icon to view the income statement EE! (Click the icon Data Table to view the comparative balance sheet.) Arcounts Receivable 26,600 25,100 Cobbs Hill, Inc. Income Statenent Year Ended December 31, 2018 Merchandise Inventory 9.700 91,600 Requirement1. Prepare the 2018 statement of cash flows, formating operating activities by the in zero.) Long-term Assets Complete the statement one section at a time, beginning with the cash fows from operating activitie 34,400 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Land Plant Assets Accumulated Depreciation Plant Assets10 11,000 114.340 104,180 16,440) (15,480) S 265,000 S 231,800 $ 442,000 201.200 Cobbs Hill, Inc. Statement of Cash Flows Year Ended December 31, 2018 240.800 Tolal Assets Cash Flows from Operating Activities Salaries Expense S 73,400 14.200 10 700 Liabilities Net Income Adjustments to Reconcile Net Income to Net Cash Providad by (Used for) Operating Activities Current Liabilities Accounts Payable Accrued Liabilities Other Operating Expenses S 35,500 330,200 98 300 27.900 30,800 Total Operating Expenses Long-term Liabilities: Operating Income 142 500 4.000 102,000 Other Income and (Expenses) Notes Payable Total Liablites 137 400 163,000 Interest Revenue Interest Expense Total Other Income and (Expenses) 8,000 Net Income Before Income Taxes Income Tax Expense Net Income (13,500) 129.000 19.700 109,300 Common Stock, no par Retained Earnings Tolal Stockhoders' Equity Total Liabilities and Stockholders' Equity 88,300 39 300 127.600 65,000 3,800 68 800 Net Cash Provided by (Used for) Operating Activities S 265,000 $ 231,800 V S hoose from any list or enter any number in the input fields and then click Check Answer Print Done Print Done i Data Table The 2018 income statement and comparative balance sheet of Cobbs Hill, Inc. follow EEB (Click the icon to view the income statement) Click the icon to view the comparative balance shoet) Cobbs Hill, Inc. Income Statement Year Ended December 31, 2018 Cobbs Hill, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the in Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses S 442 000 Complete the statement one section at a time, beginning with the cash flows from operating 2018 2017 201 200 Cobbs Hill, Inc. Statement of Cash Flows Year Ended December 31, 2018 Assets 240,800 Current Assets Cash Accounts Receivabl Marchandise Inventory $ 26,400 S15,400 25,100 91,600 Salaries Expense S 73,400 14,200 10,7D0 Cash Flows from Operating Activities 26,600 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activites 79,700 Other Operating Expenses Long-term Assets 98.300 Total Operating Expenses Land 34,400 11,000 Operating Income 142 500 Plant Assels 114,340 104 180 Other Income and (Expenses Interest Revenue Interest Expense Total Other Income and (Expenses) 8,000 $ 265,000 S 231,800 Total Assets Liabilities 13,500) 129 000 19,700 S 109,300 Current Liabilties Net Income Before Income Taxes Income Tax Expense Net Income Accounts Payable Accrued Liabilities Long-term Liabilites: 5 35,500 S 30,200 30,800 Net Cash Provided by (Used for) Operating Activities hoose from any list or enter any number in the input fields and then click Check Answer Print Done Pint Done