$1.$ Prepare Norcross' statement of cash flows for the year ended December $31,2021,$ using the indirect method$\mathrm{.}2.$ Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation.$+$Are you ready to start?Nia Lopez OSaveRequirement $1.$ Prepare Norcross's statement of cash flows for the year ended December $31,2021,$ using the indirect method.Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the noncash investing and financing activities. $($Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash$)$ Norcross Travel Products, Inc.Statement of Cash Flows $($Indirect Method$)$Year Ended December $31,2021$Cash flows from operating activities:XData tableAdjustments to reconcile net income tonet cash provided by $($used for$)$ operating activities:Norcross Travel Products, Inc. Income StatementYear Ended December $31,2021$More infoAdditional datacpaid a$.$ Acquisition of plant assets was $$127,000.$ Of this amount, $$95,000$ signing a note id in cash and $$32,000$ was financed by was paid payable.Revenues:Service revenus$ $238,000$Dividend revenue$8,000$ $ $246,000$b$.$ Proceeds from the sale of land totaled $$48,000.$Proceeds from the issuance of common stock totaled $$00,000.$d$.$ Payment of a long$-$term note payable was $$21,000$ e$.$ Payment of dividends was $$13,000\mathrm{.}1.$ From the balance sheets:ExpensesDecember