Question

do requirements 1 and 2 please

HW Score: 60%, 6 of 10 5 of 6(5 complete) Score: 0 of 2 pts XP 1 1-33A (similar to) EQuestion Help 2018comparat vo balance sheet and nome statement of Lindeman Pet Supply. he . are Linderman Pet Supply, Inc, had no noncash investšing and financing transactions during 2018. During the year Linderman Pet Supply, Inc, sold no land or equipment, issued no notes paryable rered no stock, and had no treasury stock transactions (Click the loon to view the comparative balance sheet) (Click the ioon to view the income statement) Read the requinements Requirement 1. Prepare the 2018 statonet ofcashfuws, gepeating achtes te nded method Requirements Complete the statement one section at a sme, beginning with the cash flows from operating activides. (Use parentheses Linderman Pet Supply, Inc. Prepare the 2018 statement of cash fows, formating operating actvises using he indrect 2. How will what you leaned in tis probiem help you evaluate an investment in Linderman Pet Supply, Inc. Statement of Cash Flows Yeer Ended December 31, 2018 Cash flows from operating activities: Net income Adjustments to reconclie net inoome to net cash Print Done provided by operating activites Net cash provided by (used for) operaing s hoose trom any list or enter any number in the irput felds and then click Check Answer Clear All MacBook Pro 5 of 6 (5 complete) Comparative Balance Sheet ing and fina hent, issued Increase 2018 2017 (Decrease) Current Assets: $ 6,900 5,300$ 1 Cash and cash equivalents 1,600 25,500| 26,800 91,300 89,900 Accounts receivable (1,300) Inventory 1,400 Fixed Assets: 8 89,50070,000 53,100 49.000 4 Land 19,500 4,100 Equipment, net S 266,300 $ 241,000S 25,300 Total Assets Current Liabilities: Accounts payable $ 30,800 35,000 S (4,200) Accrued liabilities 30,800 28,900 1,900 Long-Term Liabilities: 7000 102,000 (25,000) Notes payable Stockholders Equity 8,700 64,700 Common stock 24,000 39,000 0,400 Retained earnings 28,600 s 266,300S 241,000 $ 25,300 Total Liabilities and Stockholders' Equity and Print Done HW plete) ▼ Linderman Pet Supply, Inc., had no noncash investing and financing transactions during 201 retired no ㄧㄨ Income Statemeny Linderman Pet Supply, Inc. Income Statement Year Ended December 31, 2018 Revenues Sales revenue $ 212,000 8,300 Interest revenue 0 $ 220,300 Total revenues Expenses: 70,600 Cost of goods sold Salaries expense 27,700 4,200 Depreciation expense Other operating expenses 11,300 11,600 29,400 Interest expense Income tax expense 154,800 Total expenses $ 65,500 Net Income Print Done Clear All Check Hw mplete) Linderman Pet Supply, Inc., had no noncash investing and financing transactions during 2018 Linderman Pet Supply, Inc., sold no land or equipment, issued no notes payable, retired no st stock transactions. Read the requirements. 6 Requirements 1. Prepare the 2018 statement of cash flows, formatting operating activities using the indirect method. 2. How will what you leaned in this problem help you evaluate an investment in Linderman Pet Supply, Inc.? Print Done Clear All Check Homework: Ch11 HVW 5 of Score: 0 of 2 pts P11-33A (similar to) The 2018 comparative balance sheet and income statement of Linderman Pet Supply, Inc., are: EEB (Click the icon to view the comparative balance sheet) EEB (Click the icon to view the income statement) Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities using the indirect method. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parenthes Linderman Pet Supply, 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 operating activities: Net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then click Check Answer parts Cle MacB

Answer 1

Linderman Pet Supply, Inc.
Statement of Cash Flow
For the year ended December 31, 2018
	Amount	Amount
Cash Flows from Operating activities
Net Income		65,500
Adjusted to reconcile net income to net
cash provided by operating activities:
Depreciation expense	4,200
Increase in inventories	(1,400)
Decrease in account payable	(4,200)
Decrease in account receivable	1,300
Increase in accrued liabilities	1,900
		1,800
Net cash provided by operating activities		67,300