The 2018 and 2017 comparative balance sheets and 2018 income statement of Domicile Supply Corp. follow: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) Domicile Supply had no noncash investing and financing transactions during 2018. During the year, there were no sales of land or equipment, no payment of notes payable, no retirements f stock, and no treasury stock transactions. Read the requirements. Statement of Cash Flows (Direct Method) Year Ended December 31, 2018 Cash flows from operating activities: Receipts: Payments Total cash payments 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: Net cash provided by (used for) financing activities Net increase (decrease) in cash Data table C Domicile Supply Corp. Income Statement Year Ended December 31, 2018 Data table - X Domicile Supply Corp. Comparative Balance Sheets 2018 December 31, 2017 Increase (Decrease) Current assets: $ 444,000 Cash and cash equivalents Accounts receivable $ 17,700 $ 44,100 1,900 $ 15,800 54,000 (9,900) Inventories 48,200 47,000 1,200 Prepaid expenses 1,900 1,000 900 Revenues: Sales revenue Expenses: Cost of goods sold $ 187,000 Salary expense 76,200 Depreciation expense 17,200 Other operating expense 49,900 Interest expense 24,500 Income tax expense 28,500 383,300 Total expenses 60,700 Net income Print Done Requirement 2. How will what you learned 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 companies prepare the statement of cash flows order to understand the meaning of cash flows from the three basic categories of business activities. OC. Both A and B. D. None of the above. Plant assets: Land Equipment, net Total assets Current liabilities: Accounts payable Salary payable Other accrued liabilities Long-term liabilities: Notes payable 61,700 21,900 39,800 54,100 49,700 4,400 $ 227,700 $ 175,500 $ 52,200 S 35,300 $ 24,000 $ 11,300 20,000 27,600 (7,600) 23,700 24,600 (900) 56,000 30,000 26,000 Stockholders' equity: Common stock, no-par 88,100 64,000 24,100 Retained earnings 4,600 5,300 (700) $ 227.700 $ 175,500 $ 52,200 Total liabilities and stockholders' equity Print Done - X