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The 2018 income statement and comparative balance sheet of Get Wired, Inc. follow: EEB (Click the icon to view the income statement) ell (Click the
The 2018 income statement and comparative balance sheet of Get Wired, Inc. follow: EEB (Click the icon to view the income statement) ell (Click the icon to view the comparative balance sheet.) 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 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 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? O A. Learn how operating activities, investing activities, and financing activities generate cash receipts and cash payments OB. Learn how to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay their debts and dividends O C. Both A and B OD. None of the above Data Table Data Table Get Wired, Inc. Income Statement Year Ended December 31, 2018 Get Wired, Inc. Comparative Balance Sheet December 31, 2018 and 2017 S 439,000 207,200 231,800 2018 2017 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Assets Current Assets Cash Accounts Receivable Merchandise Inventory S 26,400 S 15,000 25,000 91,900 26,900 Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses $ 73,400 14,300 11,000 79,200 Long-term Assets: Land Plant Assets Accumulated Depreciation-Plant Assets 15,000 114,480 (19,980) (19,780) S 265,000 S 241,600 98,700 34,600 117,880 133,100 Operating Income Other Income and (Expenses) Total Assets Interest Revenue Interest Expense Total Other Income and (Expenses) 8,300 (21,200) Liabilities Current Liabilities (12,900) 120,200 19,600 S 100,600 Accounts Payable S 35,000 $ 30,300 Net Income Before Income Taxes Income Tax Expense Net Income Accrued Liabilities 28,300 31,000 Long-term Liabilities 73,000 103,000 Notes Payable Total Liabilities 136,300 164,300 PrintDone Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 64,100 13,200 77,300 S 265,000 S 241,600 88.400 40,300 128,700 PrintDone
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