Statements have boxes filled out correctly just need numbers

Cobbs Hill, Inc. Income Statement Year Ended December 31, 2018 $ 435,000 201,200 233,800 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 78,400 14,700 10,400 103,500 130,300 8,600 (21,800) Interest Expense Total Other Income and (Expenses) (13,200) $ 435,000 201,200 233,800 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 78,400 14,700 10,400 103,500 130,300 8,600 (21,800) Interest Expense (13,200) Total Other Income and (Expenses) Net Income Before Income Taxes 117,100 19,200 Income Tax Expense $ 97,900 Net Income i 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? Print Print [ Done] Done Data Table Cobbs Hill, Inc. Comparative Balance Sheet December 31, 2018 and 2017 - 2018 2017 Assets Current Assets: Cash $ 27,000 $ 15,800 25,500 Accounts Receivable 26,800 79,700 Merchandise Inventory 91.700 Long-term Assets: Land 34,500 8,000 Plant Assets Accumulated DepreciationPlant Assets 117,590 (17,690) 267,900 $ 109,310 (15,610) 234,700 $ Total Assets Liabilities Current Liabilities: Accounts Payable $ 35,300 $ 29,900 Data Table Long-term Assets: Land Plant Assets 34,500 117,590 (17,690) 8,000 109,310 (15,610) Accumulated DepreciationPlant Assets $ 267,900 $ 234,700 Total Assets Liabilities Current Liabilities: 29,900 Accounts Payable Accrued Liabilities Long-term Liabilities: 35,300 $ 28,300 30,000 77,000 106,000 Notes Payable Total Liabilities 140,600 165,900 Stockholders' Equity 88,200 39,100 Common Stock, no par Retained Earnings Total Stockholders' Equity 64,400 4,400 127,300 68,800 $ 267,900 $ 234,700 Total Liabilities and Stockholders' Equity More Info Additionally, Cobbs Hill purchased land of $26,500 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 $12,620. The plant acquisition was for cash. Print Done Cobbs Hill, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Receipts: Collections From Customers 382,700 Interest Received 8,600 Total Cash Receipts 339,300 Payments: To Suppliers To Employees For Interest For Income Tax Total Cash Payments Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: I Cash Payment of Dividends | Cash Payment of Notes Payable Cash Receipt From Issuance of Common Stock Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cach Balance December 31, 2018 Cash Receipt From Issuance of Common Stock 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: Acquisition of Land by Issuing Long-term Notes Payable Total Non-cash Investing and Financing Activities Requirement 2. How will what you learned in this problem help you evaluate an investment? O A. Learn how to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay its debts and dividends O B. Learn how operating activities, investing activities, and financing activities generate cash receipts and cash payments O C. Both A and B O D. None of the above