Requirements 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? The 2018 income statement and comparative balance sheet of Granite Rock, inc, follow: (Click the icon to view the income statemeet.) (Cick the icon to vew the additional information.) (Click the icon to view the comparative balance sheot) Read the Requirement 1. Preparo the 2018 statement Cash Flows by the direct method. (Use a mikus sign or porentheses for amounts that result in a decrease in cash. If a box is not used h the statement, leave the bex empty; do not select a label or enter a zero ) Complete the stalement one section at a time, beginning wath the cash fows from operating activelies. 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) (1) (Click the icon to view the additional information.) Read the The 2018 income statement and comparative balance shoet of Granite Rock, Inc, follow: (Click the icon to view the income statement.) (1) (Cilck the icco to view the additional information.) (Click the icon to view the comparative balance sheet.) Read the 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) (1) (Click the icon to view the additional information) Read the Non-cash Investing and Financing Activities: Total Non-cash investing and Financing Activitios 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. Leam how to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay its debts and dividends C. Both A and B D. None of the above Data table More info Additionally, Granite Rock purchased land of $19,600 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 $10,200. The plant acquisition was for cash. activities, investing activities, and financing activities generate cash receipts and cash payments
