The 2018 comparative balance sheet and income statement of House Pet Supply, Inc., are (Click the icon to view the comparative balance sheet) Click the icon to view the income statement -CD House Pet Supply, Inc., had no noncash investing and financing transactions during 2018 During the year, House Pet Supply, Inc. sold no land or equipment, issued no notes payable, retired no stock, and had no treasury stock transactions CD Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities using the indirect method Complete the statement one section at a time, beginning with the cash flows from operating activities (Use parentheses or a minus sign for numbers to bo subtracted) House Pet Supply, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash flows from operating activities Net income Adjustments to reconcile net income to not cash provided by operating activities: The 2018 comparative balance sheet and income statement of House Pet Supply, Inc., are 2 (Click the icon to view the comparative balance sheet.) Click the icon to view the income statement House Pet Supply, Inc., had no noncash investing and financing transactions during 2018. During the you. House Pet Supply, Inc, solde land or equipment, issued no notes payable, retired no stock, and had no treasury stock transactions 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: Cash balance December 31 2017 Cash balance. December 31, 2018 ostment in House Pet Supply, Inc? Requirement 2. How will what you leared in this problem help you evaluate an investment in House Pet Supply, Inc.? O A. Understand how House's operating activities, investing activities, and financing activities generate cash receipts and cash payments OB. Help predict House's ability to pay debt and dividends OC Help predict House's future cash flow OD. All of the above Comparative balance sheet House Pet Supply, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase 2018 2017 (Decrease) $ 6,700 $ 25,000 Current Assets Cash and cash equivalents Accounts receivable Inventory Fixed Assets Land Equipment, net 4.000 $ 26,500 89.900 2,700 (1,500) 1.800 91,700 89.200 60,400 53.500 49,900 $ 266,100 $ 230,700$ 28,800 3.600 Total Assets 35.400 $ 29.700 $ 35 DOO $ 28.700 (5.300) 2.200 30.900 Current Liabilities Accounts payable Accrued liabilities Long-Term Liabilities Notes payable Stockholders Equity Common stock 72.000 98.000 (26.000) Retained coming 88.500 64.500 45.000 4500 266,100 5 230,700 24 000 40.500 Total Liabilities and Stockholders Equity 5 35.000 Print Done House Pet Supply, Inc. Income Statement Year Ended December 31, 2018 Revenues: Sales revenue $ 214,000 8,200 $ 222,200 $ 70.800 Interest revenue Total revenues Expenses Cost of goods sold Salaries expense Depreciation expense Other operating expenses Interest expense 27.600 4.100 10.100 11.900 29.600 Income tax expense 154 100 Total expenses $ 68.100 Net Income