Breen's cash flow looks (Strong) OR (Weak) (Financing) OR (Investing) OR (Operating) activites are the main source of cash. The company is investing in new plant assets (and were required to borrow funds) OR (without having to borrow funds) the financing transactions included (issuing notes payable to acquire plant assets) OR (issuing shares and paying off a note payab

The income alement and additional date of Breen Travel Products, Inc., folow: Click the icon to view the income statement.) Click the icon to view the additional cata.) Requirements 1. Prepere Breer's statement of cash flow for the year ended December 31, 2020, using the wirect method. 2 Evaluate Brown's cash flow for the year. In your evaluation, mention all three calogeries of cash flows and give the reason for your evaluation. Breen Travel Products, Inc. Statement of Cash Flows Year Ended December 31, 2020 Cash flows from operating activities - X Data Income statement Adjustments to reconcile nelinumelo net cash provided by used for operating activideo Additional data: a. Acquisition of plant assets was $209,524. Of this amount, $167 619 was paid in cash and S41,905 by signing a note payable b. Proceeds from sale of land totalled 524,095 c. Proceeds from issuance of common share totalled 382,857. d. Payment of long-term note payable w $13.619 e. Payment at mens w $10476 1. From the balance sheet: 9.114 $ 205590 Net cash provided try used for operating activities Cash flows from investing annos Breen Travel Products, Inc. Inco Salement Year Endles December 21, 2020 Revenus Service revenue $ 296,476 Dividend venu 305.580 Expenses Castors sok Salarynxpanse 571 Deprecedor expense 28,286 Advertising expense 4,505 Intersperre 2.200 Income tax exoense 156.419 Net income $ 107.171 December 31, 2020 2019 157,143 Not cash provided by used for investing activities Cash flows from financing activities 46 CRIS S 145,513 10.714 75,424 106,952 Current Assets Cash Accounts receivabi I worry Prepaid DNAS Current Liabilities Accounts payable ................... Accredilabile 9.952 Nel cash provided by used for financing activities Net increase (dena) in cash 39.810 11.524 $ 21,085 25,143 Print Done HITI Print Done Norcashieeling and financing aliviliss. The income statement and addioral data of Breen Travel Products, Inc., follow: Click the icon to view the income statement) Click the icon to view the additional data. Requirements 1. Prepare Broers sammen of cash lows for the year ended December 31, 2020. uzing the indirect method 2. Evaluate Bruen's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your vacation Breen Travel Products, Inc. State of Cash HOMS Yoar Ended December 31, 2020 Cash fows from operating activities: - X X Data Income statement Acquisition of plant assets Cash receipt from issuance of common shares Additional cala a. Anquisition of plant assets was $200 524. Of this amount. S167 619 was paid in each and 841,015 by signing a rohe payable b. Proceeds from sale of land totalled $24,096. c. Proceeds from and of common siate lotale 562,857 d. Payment of langer rote payable was $13.819. e. Paymanto veci w $10:47 1. From the balance sheet Depreciation Decrease in accounts receivable Increase in accounts payable Breen Travel Products, Inc. Income Salument Year Ended December 31, 2020 Revenues Service revenue $ 256476 Dvidend rever 9,114305500 Expenses Cast of goods sold 100571 Salary expense 56.571 Depreciation expense 28.286 Advertising essense 4.506 rele 2,200 198419 Income tax expense Nation $ 107.171 December 31 Decrease in acorued liabilities 2020 2019 Increase in inventory Current Assets: Cash ........ IS 157,143 48,095 Increase in prepaid expenses $ 145 513 59,714 75.429 100,952 Net income 80 Accounts receivable Inventary Prepaid expans Current Liabilities: Accounts payable ... And liabilities Payment of dividends S 39,810 5 11,524 5 24.095 25 143 Payment of note payable Proceeds from sale of land Print Done Print Done Non-c88h investing and financing activities: The income statement and addrional data of Green Travel Products Inc flow 0 (Click the icon to view the income statement.) Click the icon to vicw the additional data.) Requirements 1. Prepare Beer's statement of cash flows for the year ended December 31, 2020, Leing the indirect medvod. 2. Evaluate Broem's cash flows for the year. In your evaluation, mentional three categories of cash flow and give the reason for your relation. - X Year Enca UDOU Data - X Income statement Cash llons from operating activities: Nincome Adjustments to recancie net income to net cash provided by used for operating anvites: Depreciation Decrease in accounts receivable Increase in inventory Increase in pranaki axpansas Increase in accounts payable Additional data a. Acuisition of plant assets was $209,524. Of this amount 3167,619 was paid in cash and $41,805 by cigning a rolable b. Procons from sale of land totaled $24,066 c. Proceece from lesuance of common share totalec 562 357. d. Payment of long-term nala payat:lewek $13.619. A. Payment of cervis was $10,476 1. From the Lalance sheet: 9.114305590 December 31, 2020 2019 Breen Travel Products, Inc. Income Statement Year Ended December 31, 2020 Revenues: Service revenit S 293,478 Dividend revenue Expansas Cost of goods sold 100,571 Salary aper 58,571 Depreciation expense 28,280 Achvertising expens 4.5016 Interest expense 2,2010 Income tax expense 8,280 168.419 Not income 3 $ 107,171 Acquisition of plant assets by Issuing a note payable Current Assets Cash Cash balance, December 31, 2019 S 157,143 $ 145,513 19,714 Cash balance, December 31, 2020 101, 9,852 Cash receipt from issuance of common shares 8,686 Accounts nocivas Inventory Prepaid exponses Current Liabilities: Amounts payahic Armed liabilities Payment of dividenda S S 29,0:10 11,524 $ 24,00 25,143 Payment of note payable Proceeds from sale of land Print Dono Print Done Nor-och investing and financing amos Requirement 2. Evaluate Proan's cash flows for the year. In your evaluation mention all three categories of each Mons and give the mason for your evaluation Beers cash flow o are ne main source of cash The company is investing innen plant assets The financing transactions included issuing stock dividends and issuing a note peyeble. Requirement 2. Evaluate Breen's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. Breen's cash flow looks V are the main source of cash. The company is investing in new plant assets The financing transactions included issuing stock dividends and issuing a note payable