The 2024 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.) Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Decrease in Merchandise Inventory Increase in Accounts Payable Increase in Accounts Receivable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Net Cash Provided by (Used for) Investing Activities Help me solve this Etext pages Calculator $ 14,400 11,700 5,300 (1,100) (1,600) Pa Data table Rolling Hills, Inc. Income Statement Year Ended December 31, 2024 Net Sales Revenue $ 440,000 $ 96,400 Cost of Goods Sold 209,200 Gross Profit 230,800 Operating Expenses Salaries Expense $ 77,400 Depreciation Expense-Plant Assets 14,400 10,200 Other Operating Expenses 102,000 Total Operating Expenses Operating Income 128,800 28,700 125 100 Other Income and (Expenses): Interest Revenue Interest Expense (23,600) -44700 Total Other Income and (Expenses) Print Done 8,700 (21,100) (12,400) Clear all C ement and comparative balance sheet of Rolling Hills, Inc. follow view the income statement) view the comparative balance sheet) Reconcile Net Income to Net Cash ed for) Operating Activities Expense-Plant Assets Merchandise Inventory Accounts Payable Accounts Receivable n Accrued Liabilities ed by (Used for) Operating Activities Investing Activities: $ 14,400 S 96,400 Part 2 of 6 Data table Points: 10.83 of 25 Rolling Hills, Inc. Comparative Balance Sheet December 31, 2024 and 2023 Current Assets Cash Accounts Receivable Merchandise Inventory Assets 2024 2023 $ 26,900 $ 15,700 26,500 25.400 79,800 91,500 11,700 Long-term Assets. 5,300 Land 35,100 14,000 (1,100) Plant Assets 124.840 114,650 (1,600) 28,700 Accumulated Depreciation-Plant Assets (18,940) (17,950) 125,100 $ 274,200 $ 243,300 Total Assets Liabilities ment for Acquisition of Plant Assets (23,600) ded by (Used for) Investing Activities 44700 Ive this Etext pages Calculator Current Liabilities: Accounts Payable S 35,700 $ 30,400 Print Done e sheet.) Cash $ 14,400 Land 35,100 14,000 Plant Assets 124,840 114,650 (18,940) (17,950) Accumulated Depreciation-Plant Assets $ 274,200 $ 243,300 Liabilities $ 96,400 Total Assets Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: $ 35,700 $ 30,400 28,700 30,300 11,700 79,000 108,000 Notes Payable 5,300 Total Liabilities 143,400 168,700 (1,100) Stockholders' Equity (1,600) 28,700 Common Stock, no par 88,900 64,500 Activities 125,100 41,900 10,100 Retained Earnings 130,800 74,600 Total Stockholders' Equity $ 274,200 $ 243,300 Total Liabilities and Stockholders' Equity (23,600) t Assets 44700 Activities Print Done ar all C llow 96,400 Requirements (Click the icon to view the addition Read the requirements. 1. Prepare the 2024 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? ,600) 44700 Print Done