U V W Cumparative balance sheet.) Read the requirements 0 Requirements i More info 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method 2. How will what you leared in this problem help you evaluate an investment? Additionally, Get Wired purchased land of $22,900 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 $13,240. The plant acquisition was for cash Print Done Print Done ded by (Used for) Operating Activities crease in Accounts Receivable (1.300) preciation Expense 14800 Data Table Get Wired, Inc. Comparative Balance Sheet. December 31, 2018 and 2017 2018 2017 Assets Current Assets Cash 26,800 5 15 200 Accounts Receivable 26,600 25.300 Merchandise Inventory 79 300 91 400 Long larm Assets 34 900 12.000 Plant Assets 116 280 108.520 (18 3800 16 820) Accumulated Depreciation Plan See Get Wired, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue S435000 Cost of Goods Sold 207 200 Grass Profit 227 800 Operating Expenses Salaries Expense 5 73.400 Depreciation Expense-Plant Assets 14.300 Other Operating Expenses 10.400 Total Operating Expenses 98.600 Operating Income 129.200 Other Income and Expenses) Land Print Done Print Done Data Table 265,500 5 235,600 5 73.400 14,000 TO 400 35,900 5 28.100 29 900 31000 50.800 Total Assets Liabilities Current Liabilities Accounts Payable Accued Liabilities Long-term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity $ Total Liabilities and Stockholders' Equity 75 000 125 200 100.000 Operating Expenses Salaries Expense Depreciation Expense-Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and Expenses) interest Revenue Interest Expense Total Othet Income and Expenses) Net Income Before Income Taxes Income Tax Expense Net Income 139,000 160 900 3.500 (21 300) (12.800 88.400 38.100 126,500 265,500 $ 54900 9 300 74700 235,600 116 400 Print Done Print Done $ 96,700 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: Increase in Accounts Receivable Depreciation Expense-Plant Assets Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities (1.300) 14.800 12.100 6.000 2.900) 28.700 125,400 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets (21,000) (21,000) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets (21,000) (21,000) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Choose from any list or enter any number in the input fields and then