The income statement and additional data of Rolling Hills Corporation follow: (Click the icon to view the Income Statement.) (Click the icon to view the additional data.) Prepare Rolling Hills Corporation's statement of cash flows for the year ended June 30, 2018. Use the direct 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 Corporation Statement of Cash Flows Year Ended June 30, 2018 Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments: Choose from any list or enter any number in the input fields and then continue to the next question. stateme e icon t ing Hill r paren ot selec i Data Table Rolling Hills Corporation Income Statement - X Year Ended June 30, 2018 Net Sales Revenue $ 226,000 e stater 107,000 Cost of Goods Sold Gross Profit 119,000 Operating Expenses: s from Salaries Expense $ 43,000 Depreciation Expense-Plant Assets 27,000 14,000 Advertising Expense 84,000 Cash Re ts: Total Operating Expenses Operating Income Other Income and (Expenses): Dividend Revenue 35,000 11,500 m any li Print Done 3.) tho ave Data Table - X em on GLOSS PTOTIL Hills Operating Expenses: aren elec 3.) 119,000 ethod ave t Salaries Expense $ 43,000 Depreciation Expense-Plant Assets 27,000 tater Advertising Expense 14,000 84,000 Total Operating Expenses Operating Income 35,000 Other Income and (Expenses): om d Dividend Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes ash R Income Tax Expense Net Income 11,500 (2,000) 9,500 44,500. 11,000 33,500 any lis Print Done ent a o vie i More Info a. s Co b. thes Ct a la C. Collections from customers are $15,000 more than sales. Dividend revenue, interest expense, and income tax expense equal their cash amounts. Payments to suppliers are the sum of cost of goods sold plus advertising expense. ement d. Payments to employees are $1,500 more than salaries expense. e. Cash payment for the acquisition of plant assets is $105,000. f. Cash receipts from sale of land total $28,000. g. h. n Oper i. j. Cash receipts from issuance of common stock total $36,000. Payment of long-term notes payable is $19,000. Payment of dividends is $8,000. Cash balance at June 30, 2017, was $25,000; at June 30, 2018, it was $31,000. h Receipts Print Done X d. (L the The income statement and additional data of Rolling Hills Corporation follow: (Click the icon to view the Income Statement.) (Click the icon to view the a Prepare Rolling Hills Corporation's statement of cash flows for the year ended June 30, 2018. Use minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the empty; do not select a label or enter a zero.) Year Ended June 30, 2018 Cash Flows from Operating Activities: Receipts: Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Sale of Land Collections from Customers Dividends Received on Investments For Income Tax For Interest Increase in Accounts Payable Increase in Accounts Receivable To Employees To Suppliers d then continue to the next question The income statement and additional data of Rolling Hills Corporation follow: (Click the icon to view the Income Statement.) (Click the icon to view the additio Prepare Rolling Hills Corporation's statement of cash flows for the year ended June 30, 2018. Use the di minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statem empty; do not select a label or enter a zero.) Payments: Total Cash Payments Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Choose from any list or enter any number in the input fields and then continue to the next question. e income statement and additional data of Rolling Hills Corporation follow: (Click the icon to view the Income Statement.) (Click the icon to view the ac repare Rolling Hills Corporation's statement of cash flows for the year ended June 30, 2018. Use th inus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the s mpty; do not select a label or enter a zero.) 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, June 30, 2017 Cash Balance, June 30, 2018 Choose from any list or enter any number in the input fields and then continue to the next