2: More Info Bryan Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue Dividend revenue 279,000 8,200 $ 287,200 Expenses: Cost of goods sold 103,000 Salary expense 57,000 Depreciation expense 27,000 Advertising expense 2,900 Interest expense Income tax expense 2,700 10,000 202,600 $ 84,600 Net income a. b. Additional data: Acquisition of plant assets was $133,000. Of this amount, $90,000 was paid in cash and $43,000 was financed by signing a note payable. Proceeds from the sale of land totaled $25,000. C. Proceeds from the issuance of common stock totaled $35,000. d. Payment of a long-term note payable was $12,000. e. Payment of dividends was $11,000. f. From the balance sheets: December 31, 2018 2017 Current assets: Cash 80,000 Accounts receivable 50,000 $ 18,700 62,000 Inventory 94,000 69,000 Prepaid expenses 9,900 8,600 Current liabilities: Accounts payable 39,000 $ 19,000 Accrued liabilities 82,000 85,000 Paper size Letter Print Bryan Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: (1) Adjustments to reconcile net income to net cash provided by (used for) operating activities: (2) (3) (4) (5) (6) (7) Net cash provided by (used for) operating activities Cash flows from investing activities: (8) (9) Net cash provided by (used for) investing activities Cash flows from financing activities: (10) (11) (12) Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash balance, December 31, 2017 Cash balance, December 31, 2018 Noncash investing and financing activities: (13) Requirement 2. Evaluate Bryan's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation. Bryan's cash flows look (14) (18). (15) are the main source of cash. The company invested in new assets (16)- The financing transactions included (17). All of these signs are