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please solve all parts Grand Tree, Inc Comparative Balance Sheet December 31, 2018 and 2017 220-18 2017 Assets Current Assets: Cash 5 26.2005 Accounts Receivable

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Grand Tree, Inc Comparative Balance Sheet December 31, 2018 and 2017 220-18 2017 Assets Current Assets: Cash 5 26.2005 Accounts Receivable 28.900 24.900 Merchandise Inventory 80.000 Long-tem Assets: Land 34.400 12.000 Plant Assets 114 730 110.380 Accumulated Depreciation-Plant Assets (18.830) -(18.630) 263.400 S 235.400 Total Assets Liabilities Accounts Payable 5 30.300 Accrued Liabilities 30.400 Print Done - Data Table 80,000 91.300 Merchandise Inventory Long-term Assets: 34.400 12.000 Land 110,320 Plant Assets 114.730 (18.830) (18.830) Accumulated Depreciation Plant Assets 263,400 $ 235,400 Total Assets Liabilities Current Liabilities: Accounts Payable 35 400 5 30.300 Accrued Liabilities 28.900 Long-term Liabilities: 75.000 Notes Payable Total Liabilities 132.300 181.700 Stockholders' Equity 88. 300 65 000 Common Stock, no par Retained Earnings 124 100 Total Stockholders' Equity 263.400 S 235.400 Total Liabilities and Stockholders' Equity Done i Data Table Grand Tree, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 449.000 Cost of Goods Sold Gross Profit Obersting Expenses. Salaries Expense 79.400 Deprecation ExpensePlant Assets 14.300 One Operating Expenses 10 700 To:3. Operating Experses Deezing Income 128 400 Dersome and Expenses 122.000 Total Other Income and Expenses Netcome Before ncome ades 11= 520 incere Tex Expense Done Income Statement Year Ended December 31, 2018 Net Sales Revenue 5 443,000 210.200 Cost of Goods Sold Gross Profit 232.800 Operating Expenses Salaries Expense 79.400 Depreciation Expense_Plant Assets 14.300 Other Operating Expenses 10.700 104 400 Total Operating Expenses Ooerating Income ose name and expenses: 128.400 tee Beverse 8. 100 122.000) Tere come and Expenses) more expense 5 95 000 Requirements 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 Done The 2018 income statement and comparative balance sheet of Grand Tree, Inc. follow. (Click the icon to view the income statement.) (Click the icon to view the additional information.) Read the requirements. Click the icon to view the comparative balance sheet.) Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. (Use a minus signo 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. Grand Tree, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Ne: Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable DERMAL Choose from any list or enter any number in the input fields and then click Check

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