The 2018 income statement and comparative balance sheet of Rolling Hills, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) no se reung Hus med to click here to view to asinaintomaton , (Click the icon to view the additional information.) Read the requirements. Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method.(Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Rolling Hills, Inc. 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: Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Rolling Hills, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 440,000 209,200 Cost of Goods Sold 230,800 77,400 Gross Profit Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets Other Operating Expenses Total Operating Expenses Operating Income 14,400 10,200 102,000 128,800 128,800 Operating Income Other Income and (Expenses): Interest Revenue 8,700 (21,100) Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes (12,400) Income Tax Expense 116,400 20,000 96,400 $ Net Income 2018 2017 Assets Current Assets: Cash Accounts Receivable 26,900 $ 26,500 79,800 15,700 25,400 91,500 Merchandise Inventory Long-term Assets: Land 35,100 Plant Assets 14,000 114,650 (17,950) 243,300 124,840 (18,940) 274,200 $ Accumulated DepreciationPlant Assets $ Total Assets Liabilities Liabilities $ Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: 35,700 $ 28,700 30,400 30,300 79,000 108,000 Notes Payable Total Liabilities 143,400 168,700 Stockholders' Equity Common Stock, no par 88,900 41,900 64,500 10,100 Retained Earnings 130,800 74,600 Total Stockholders' Equity $ 274,200 $ 243,300 Total Liabilities and Stockholders' Equity 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. 2. How will what you learned in this problem help you evaluate an investment