Requirements 1 and 2 please.

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 Provided by (Used for) Operating Activities i Data Table a $ 439,000 202,200 236,800 All Wired, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense 73,400 Depreciation Expense--Plant Assets 14,500 10,700 Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses) Interest Revenue 9,000 Interest Expense (21,700) Total Other Income and (Expenses) 98,600 138,200 (12,700) Print Done search O Net Sales Revenue $ 439,000 202,200 Cost of Goods Sold Gross Profit 236,800 Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets $ 73,400 14,500 10,700 Other Operating Expenses 98,600 138,200 Total Operating Expenses Operating Income Other Income and (Expenses) Interest Revenue 9,000 (21,7005 Interest Expense (12,700) Total Other Income and (Expenses) Net Income Before Income Taxes Income Tax Expense 125,500 19,200 $ 106,300 Net Income All Wired, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets Cash $ $ 26,600 $ 14,900 Accounts Receivable 26,900 25,300 80,000 -91,700 Merchandise Inventory Long-term Assets Land 34,400 13,000 Plant Assets 119,720 (20,820) 112,520 (16,820) 240,600 Accumulated Depreciation-Plant Assets $ 266,800 $ Total Assets Liabilities Current Liabilities: 35 100 S 30 100 Accounts Pavable Land 34,400 13,000 Plant Assets 119,720 (20,820) 112,520 (16,820) Accumulated Depreciation Plant Assets $ 266,800 $ 240,600 Total Assets Liabilities Current Liabilities: $ 30.100 Accounts Payable Accrued Liabilities Long-term Liabilities: 35,100 $ 28 500 30,100 72,000 101,000 Notes Payable Total Liabilities 135,600 161,200 Stockholders' Equity Common Stock, no par 88,600 42,600 65,000 14,400 Retained Earnings 131,200 79,400 Total Stockholders' Equity $ 266,800 $ 240,600 Total Liabilities and Stockholders' Equity A (Click the icon to view the additional information.) Read the requirements rect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If 5. i More Info 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 (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities Slider Of All Wired, Inc Tollow (Click the 2 (Click the icon to view the income statement) (Click the icon to view the comparative balance sheet) Read the te 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 C. Both A and B D. None of the above