Requirement 1 please.

All Wired, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 439,000 202.200 Cost of Goods Sold 236,800 Gross Profit Operating Expenses: w $ 73,400 Salaries Expense Depreciation Expense-Plant Assets 14,500 10,700 98,600 138,200 Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses); Interest Revenue 9,000 (21.700) Interest Expense (12,700) Total Other Income and (Expenses) Net Sales Revenue $ 439,000 202,200 Cost of Goods Sold 236,800 Gross Profit $ 73,400 Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses 14,500 10,700 98,600 138,200 Total Operating Expenses Operating Income Other Income and (Expenses) Interest Revenue 9,000 (21,700) (12,700) Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense 125,500 19,200 $ 106,300 Net Income Print Done to All Wired, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets $ 26,600 $ Cash 14,900 25,300 26,900 Accounts Receivable 80,000 91,700 Merchandise Inventory Long-term Assets Land 13,000 34,400 119,720 (20,820) Plant Assets 112,520 (16,820) Accumulated Depreciation-Plant Assets $ 266,800 $ 240,600 Total Assets Liabilities Current Liabilities 35 100 $ 30 100 Accounts Pavable 34,400 Land 13,000 112,520 (16,820) Plant Assets 119,720 (20,820) 266,800 $ e in c Accumulated DepreciationPlant Assets $ 240,600 be Total Assets Liabilities Current Liabilities $ 30,100 35,100 $ 28,500 30,100 Accounts Payable Accrued Liabilities Long-term Liabilities Notes Payable Total Liabilities 72,000 101,000 135,600 161,200 Stockholders' Equity 88,600 42,600 65,000 14.400 Common Stock, no par Retained Earnings Total Stockholders' Equity 131 200 266,800 S 79.400 240,600 Total Liabilities and Stockholders' Equity Print Done tinue to Additionally, All Wired purchased land of $21,400 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 $10,500. The plant acquisition was for cash. Print Done The 2018 income statement and comparative balance sheet of All Wired, Inc follow Click the icon to view the additional information ) (Click the icon to view the income statement) 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 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 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 sig Provided by (Used for) Operating Activities ent ign Choose from any list or enter any number in the input fields and then continue to the next question Click the icon to view the additional in 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.) Read the requirements Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities ni g Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities En (Click the icon to view the additional information) Read the requirements me 2018 income statement and comparative balance sheet of Wired, Inc follow Click the icon to view the income statement) Click the icon to view the comparative balance sheet) Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities Total Non cash Investing and Financing Activities Requirement 2. How will what you learned in this problem help you evaluate an investment? A. Learn how operating activities, investing activities, and financing activities generate cash receipts and cash payments B. Learn how to predict future cash flows, evaluate management decisions and predict the ability of the company to pay their debts and dividends O C. Both A and B OD. None of the above