Data table Net Sales Revenue Cost of Goods Sold Gross Profit Sweet Valley, Inc. Income Statement...

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Data table Net Sales Revenue Cost of Goods Sold Gross Profit Sweet Valley, Inc. Income Statement Year Ended December 31, 2018 $ 445,000 203,200 241,800 Operating Expenses: Salaries Expense 77,400 Depreciation Expense-Plant Assets 14,500 10,100 Other Operating Expenses 102,000 Total Operating Expenses Operating Income 139,800 Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes 8,200 (21,100) (12,900) 126,900 Income Tax Expense Net Income Print Done 19,400 $ 107,500 - Data table Sweet Valley, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Assets 2018 2017 26,300 $ 15,400 26,400 25,100 79,300 91,300 Land 34,900 14,000 Plant Assets 115,790 108,330 Accumulated Depreciation-Plant Assets (19,890) (18,630) 262,800 $ 235,500 Total Assets Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities 35,600 $ 30,100 28,900 30,800 78,000 105,000 142,500 165,900 Stockholders' Equity Common Stock, no par 88,200 64,800 32,100 4,800 Retained Earnings 120,300 69,600 Total Stockholders' Equity 262,800 $ 235,500 Total Liabilities and Stockholders' Equity Print Done Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect 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. Sweet Valley, Inc. Statement of Cash Flows 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: 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 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Data table Net Sales Revenue Cost of Goods Sold Gross Profit Sweet Valley, Inc. Income Statement Year Ended December 31, 2018 $ 445,000 203,200 241,800 Operating Expenses: Salaries Expense 77,400 Depreciation Expense-Plant Assets 14,500 10,100 Other Operating Expenses 102,000 Total Operating Expenses Operating Income 139,800 Other Income and (Expenses): Interest Revenue Interest Expense Total Other Income and (Expenses) Net Income Before Income Taxes 8,200 (21,100) (12,900) 126,900 Income Tax Expense Net Income Print Done 19,400 $ 107,500 - Data table Sweet Valley, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets: Assets 2018 2017 26,300 $ 15,400 26,400 25,100 79,300 91,300 Land 34,900 14,000 Plant Assets 115,790 108,330 Accumulated Depreciation-Plant Assets (19,890) (18,630) 262,800 $ 235,500 Total Assets Liabilities Current Liabilities: Accounts Payable Accrued Liabilities Long-term Liabilities: Notes Payable Total Liabilities 35,600 $ 30,100 28,900 30,800 78,000 105,000 142,500 165,900 Stockholders' Equity Common Stock, no par 88,200 64,800 32,100 4,800 Retained Earnings 120,300 69,600 Total Stockholders' Equity 262,800 $ 235,500 Total Liabilities and Stockholders' Equity Print Done Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect 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. Sweet Valley, Inc. Statement of Cash Flows 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: 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 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities