Data Table One Stop, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets: Cash $ 26,000 $ 15,500 Accounts Receivable 26,300 24,900 Merchandise Inventory Long-term Assets: 79,700 91,900 Land 34,900 8,000 Plant Assets 124,430 (22,530) 111,330 (18,630) Accumulated Depreciation-Plant Assets Total Assets $ 268,800 $ 233,000 Libilline Print Done TTTTTTTTTTCITT Liabilities Current Liabilities: Accounts Payable $ 35,000 $ 30,600 Accrued Liabilities 28,400 30,200 Long-term Liabilities: Notes Payable 73,000 101,000 Total Liabilities 136,400 161,800 Stockholders' Equity Common Stock, no par 89,000 64,400 6,800 Retained Earnings 43,400 Total Stockholders' Equity 132,400 71,200 Total Liabilities and Stockholders' Equity $ 268,800 $ 233,000 One Stop, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 444,000 Cost of Goods Sold 200,200 Gross Profit 243,800 Operating Expenses: Salaries Expense $ 79,400 Depreciation Expense-Plant Assets 14,100 10,500 Other Operating Expenses Total Operating Expenses 104,000 Operating Income 139,800 Other Income and (Expenses): Interest Revenue 8,900 Interest Expense (21,900) Total Other Income and (Expenses) (13,000) Net Income Before Income Taxes 126,800 Income Tax Expense 19,500 $ 107,300 Net Income One Stop, 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: Depreciation Expense-Plant Assets Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Net Cash Provided by (Used for) Operatina Activities Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock 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 Requirement 2. How will what you teamed in this problem help you evaluate an investment? O A. Learn how operating activities, investing activities and financing activities generate cash receipts and cash payments 08. Learn how to prediet future cash flows, evaluate management decisions, and predict the ability of the company to pay their debts and dividends OC. Both A and B OD. None of the above Choose from any list or enter any number in the input fields and then continue to the next question come statement.) comparative balance sheet.) Read the requirements, More Info - . Additionally, One Stop purchased land of $26,900 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 $10,200. The plant acquisition was for cash. Print Done or) Financing Activities sh 2017