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Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities using the indirect...

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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 parentheses or a minus sign for numbers to be subtracted.) Comparative Balance Sheet Income Statement Requirement 2. How will what you learned in this problem help you evaluate an investment in Smithson Pet Supply, Inc.? A. Help predict Smithson's future cash flow B. Help predict Smithson's ability to pay debt and dividends C. Understand how Smithson's operating activities, investing activities, and financing activities generate cash receipts and cash payments D. All of the above

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