A The income statement and additional data of Stoughton Travel Products, Inc., follow: (Click the icon to view the income statement.) Requirements (Click the icon to view the additional data.) 1. Prepare Stoughton's statement of cash flows for the year ended December 31, 2021, using the indirect method. 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. Data table More info Revenues: Service revenue $ 279,000 8,200 Stoughton Travel Products, Inc. Income Statement Year Ended December 31, 2021 Additional data: a. Acquisition of plant assets was $196,000. Of this amount, $140,000 was paid in cash and $56,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $48,000. c. Proceeds from the issuance of common stock totaled $60,000. d. Payment of a long-term note payable was $17,000. e. Payment of dividends was $18,000. Dividend revenue $ 287,200 f. From the balance sheets: Expenses: Cost of goods sold 100,000 December 31, 2021 2020 Salary expense 59,000 Current assets: Depreciation expense 25,000 Cash $ Advertising expense 4,500 Accounts receivable 80,000 38,000 $ 71,000 55,000 Interest expense 2,300 10,000 200,800 Inventory 60,000 59,000 Income tax expense Prepaid expenses 9,800 8,400 $ 86,400 Net income Current liabilities: Accounts payable $ 36,000 $ 17,000 Print Done Accrued liabilities 11,000 80,000