und or equipment rent pu Comparative balance sheet roolman Pet Supply, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase (Decrane) 2018 2017 5 5,300 $ 5,200 $ 25,300 Current Asset: Cash and cash equivalent Accounts receivable Inventory Fixed Assets Land Equipment, net 25,000 91,300 1,100 (1,300) 1.400 89,000 89,800 53,000 50,400 49.100 29.400 3,900 Total Assets $ 265,400 $ 230,000 $ 34,500 $ $ 30,500 $ 35,600 $ 28,300 (5,100) 2.400 30,700 75.000 Current Liabilities: Accounts payable Accrued liabilities Long-Term Liabilities: Notes payable Stockholders' Equity Common stock Retained earnings Total Liabilities and Stockholders' Equity 100,000 125,000) 88,000 41,200 64,000 3.000 24,000 38,200 $ 265,400 $ 230,900 $ 34,500 Print Done upply, Inc.? ncome staternent tirookman Pet Supply, Inc. Income Statement Year Ended December 31, 2018 Ravens: Sales revenue $ 214,000 8,300 Interest revenue Total revenues $ 222,300 $ 70,700 Expenses Cost of goods sold Salaries expense Depreciation expense Other operating expenses Interest expense 27,500 4.500 10,500 11,400 29,500 Income tax expense 154.100 Total expenses $ 58.200 Net Income Print Done Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities using the Complete the statement one section at a time, beginning with the cash flows from operating activities Brookman Pet Supply, Inc. Statement of Cash Flowa Year Ended December 31, 2018 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: 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, December 31, 2017 Cash balance, December 31, 2018 Requirement 2. How will what you learned in this problem help you evaluate an investment in Brookman Pot Supply, Inc.? A. Understand how Brookman's operating activities, investing activities, and financing activition generato cash receipts and cash payments B. Help predict Brookman's ability to pay debt and dividends c. Help predict Brookman's future cash flow OD. All of the above