The income statement and additional data of Rolling Hals, Inc., follow Click the icon to view the income statement.) Click the icon to view the additional data.) Read the regirements Requirement 1. Prepare Rolling Hills's statement of cash flows and accompanying schedule of noncash investing and financing activities Report operating activities using the direct method Start by completing the cash flows from operating activities. The complete the rest of the statement of cash fows and accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash) Rolling Hills, Inc. Statement of Cash Flows (Direct Method) Year Ended September 30, 2018 Cash flows from operating activities Conection of dividend revenue Total cash receipts Payments Choose from any list or enter any number in the input fields and then continue to the next question Data Table More Info Income Statement Year Ended September 30, 2018 $ 239 000 Star Use parentheses 10.500 2.500 Additional Collections from customers are $14.000 more than sales Payments to suppliers are $1.500 than the sum of cost of goods sold plus advertising expense c. Payments to employees are 12.300 less than salary expense d. Dividend revenue Interest expense, and income tax expense equal their cash amounts e. Acquisition of plant assets is $135.000. Of this amount, $100.000 paid in cash and $26.000 is financed by signing a long-term note payable Proceeds from the sale of land totaled $29.000 . Proceeds from the issuance of common stock fotated $37.000 h. Payment of a long term not payable is 522.000 Payment of dividends is $8.100 Cashbalance September 30, 2017 40 000 Revenues Sales revenue Dividend revenue Expenses Cost goods sold Salary expense Depreciation expense Advertising expense 104.000 52.000 28.000 9.000 income tax expense 11.500 200.000 0500 $ Netcome Print Done Print Done Choose from any list or enter any number in the input fields and then continue to the next questi The income statement and additional data of Rolling Hills, Inc., follow: Click the icon to view the income statement.) (Click the icon to view the additional data.) Read the requirements. Cash flows from operating activities: Receipts: Collection of dividend revenue Total cash receipts Payments: Total cash payments Net cash provided by (used for) operating activities The income statement and additional data of Rolling Hills, Inc., follow Click the icon to view the income statement) Click the icon to view the additional data.) Read the requirements 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, September 30, 2017 The income statement and additional data of Rolling Hills, Inc., follow Click the icon to view the income statement. (Click the icon to view the additional data.) Read the requirements Net cash provided by used for) francing activities Net increase (decrease) In cash Cash balance, September 30, 2017 Cash balance, September 30, 2018 Noncash investing and financing activities: Requirement 2. Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation Roling Hils's cash flows look are the main source of cash. The company invested in new assets All of these signs are Rolling Hils was able to
