Rocky Road Bicycles, Inc. Rocky Road Bicycles, Inc. Comparative Balance Sheets Income Statements December 31, 2018 and 2017 For the Years Ended December 31, 2018 and 2017 2018 2017 2018 2017 Common Size Common Size Common Size Common Size Assets Cash $105,000 $94,000 Net revenue $952,000 $842,000 Account receivable 217,000 450,000 Cost of sales 447,000 395,000 Inventory 800,000 700,000 Gross profit 505,000 447,000 Prepaid rent 50,000 50,000 Selling, general and administrative expenses 327,000 305,000 Plant assets 1,854,000 1,753,000 Operating profit 178,000 142,000 Less accumulated depreciation (565,000) (502,000) Interest expense (15,000) (25,000) Total assets $2,461,000 $2,545,000 Interest income and other 5,000 4,000 Income before income taxes 168,000 121,000 Liabilities Provision for income taxes 32,000 25,000 Accounts payable $306,000 $500,000 Net Income $136,000 $96,000 Wages payable 27,000 27,000 Income tax payable 24,000 50,000 Equity Common stock 1,242,000 1,242,000 Retained earnings 862,000 726,000 Total liabilities and equity $2,461,000 $2,545,000 Prepare the statement of cash flows from investing activities.

1. revising for conciseness - eliminating flabby expressions,limiting long lead-ins, and dropping unnecessary fillerstime is money in any business environment. people want information communicated quickly and clearly. to make your writing more concise and understandable, avoid flabby expressions, long lead-ins, and unnecessary fillers. your audience will appreciate your brevity.1. if your writing contains a flabby expression like in view of the fact that, replace it with the word because / although / probably .for each of the following two sentences, choose the best revision.2. i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.1) we need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.2) we have identified a problem with our expense sheet, but we will solve it.3) i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.3. it is the user who should contact the center.1) everyone knows that it is the user who should contact the center.2) the user should contact the center.3) if there is a problem, the user should contact the center.read the following passage, and then answer the question.[1] you scheduled seven conference calls for this morning between 10 and 11 a.m. [2] generally, the company limits the number of conference calls to three per hour. [3] i’m letting you know that in the future, we should be more careful about scheduling.4. which revision limits the long lead-in in sentence 3? 1) in the future, we should be more careful about scheduling.2) i’m letting you know so that in the future we are more careful about scheduling calls.3) so that you know in the future, we should be more careful about scheduling.