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.) (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 Aclivilies: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 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.) (Click the icon to view the additional Information.) Read the requirements, ... Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided (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 Dairmant Ulutat valent in this mahlam hal LIAI SUS A incinnt? 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.) (Click the icon to view the additional information.) Read the requirements Net Cash Provided (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided (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 to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay their 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 E OD. None of the above (Click the icon to view the additional information.) 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.) Read the requirements cash. If a box is not used in the statement, leave the box 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 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. More info 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: Additionally, Rolling Hills purchased land of $21,100 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 $13,410. The plant acquisition was for cash. Print Done Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Data table malion.) The 2018 income statement and comparative balance sheet of Rolling Hille (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Rolling Hills, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue Requirement 1. Prepare the 2018 statement of cash flows, formatting ope empty: do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flow In a decrease in cash. If a box is not used in the statement, leave the box a . $ 440.000 209 200 230 800 Rolling Hills, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets S $ 77,400 Net Income 14,400 10,200 Other Operating Expenses Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: 102.000 128,800 Total Operating Expenses Operating Income Other Income and (Expenses): Interest Revenue 8,700 (21.100) Interest Expense (12,400) Total Other Income and (Expenses) Net Income Before Income Taxes 116,400 20.000 Income Tax Expense Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: $ $ 96,400 Net Income || Print Done - X Data table Jon.) The 2018 income statement and comparative balance sheet of Rolling (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) ) Requirement 1. Prepare the 2018 statement of cash flows, formatting empty do not select a label or enter a zero.) Rolling Hills, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 Assets decrease in cash. If a box is not used in the statement, leave the box , 2017 Complete the statement one section at a time, beginning with the cash Current Assets: Cash S 26,900 S 15,700 26,500 25,400 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: 79,800 91,500 35,100 Accounts Receivable Merchandise Inventory Long-term Assets Land Plant Assets Accumulated Depreciation-Plant Assets Total Assets Liabilities 124,840 (18,940) 14.000 114,650 (17,950) S 274,200 $ 243,300 Current Liabilities: S S 35,700 S Accounts Payable Accrued Liabilities Long-term Liabilities: - 30,400 30,300 28,700 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 79,000 108,000 Notes Payable Tata 1.41 1RR 7nn Print Done . Data table jon.) The 2018 income statement and comparative balance sheet of Rolling (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Cash S 26,900 S 15,700 25,400 26,500 79,800 91,500 Accounts Receivable Merchandise Inventory Long-term Assets Land decrease in cash. If a box is not used in the statement, leave the box a 35,100 Plant Assets Requirement 1. Prepare the 2018 statement of cash flows, formatting emply; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash Rolling Hills, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income 124,840 (18,940) 14,000 114,650 (17,950) Accumulated Depreciation-Plant Assets S 274,200 S 243,300 Total Assets Liabilities Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: S 35,700 S 30,400 30,300 28,700 Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities 79,000 100,000 143,400 168,700 Stockholders' Equity Common Stock, no par , 88.900 41,900 64,500 10,100 130,800 Retained Earnings Total Stockholders' Equity ' Total Liabilities and Stockholders' Equity Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: 74,600 S 274,200 S 243,300 Print Done (Click the icon to view the additional information.) 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.) 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. X Requirements 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: 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? Print Done Net Cash Provided by (Used for) Operating Activilies Cash Flows from Investing Activities