D D) Hoirieworli , HW #'lD [Statement of Cash Flows) , Google Chrome mathxl com ACC 231 Uses of Accounting Information | Spring 2022 Nick Csekme 02/20/22 7:33 PM ('5') _ Question 7, E11-21A (Similar to) '_' _ Homework. HW #10 (Statement of Cash Flows) ( Fan 1 are > More info The income statement and additional data ol Newton Travel Products, Inc , follow a (Click the icon to view the income statement ) 0 (Click the Icon to view the additional data ) a. ACQUiS't'Dn 0f plant assets was $125090 0' "\"5 amounl, $75000 was paid in cash and $50,000 was nanced by signing a note payable Requirements [1. Proceeds from the sale of land totaled $23,000 1. Prepare Newton's statement of cash ows for the year ended December 31, 2021, using the indirect method, c. Proceeds from the Issuance of common stock totaled $80,000, 2. Evaluate the company's cash ows for the year, In your evaluation, mention all three categories of cash ows and give the rationale for your evaluation a. Payment of a long-term note payable was $17,000, e. Payment of dividends was $10,000 f. From the balance sheets. unciuahu in easily December 31' 2021 2020 Newton Travel Products, Inc. Statement of Cash Flows (Indirect Method) \""9\" \"sen" Cash 53 80,000 as 2,300 Year Ended December 31, 2021 _ _ _ _ Accounts receivable 40,000 57,000 Cash flows from operating activities: Inventory 96,000 61 ,000 Prepaid expenses 9,900 8,400 Adjustments to reconcile net income to net cash provided by (used tor) operating actiwties. Current liabilities: Accounts payable $ 39,000 is 23,000 Accrued liabilities 21,000 57,000 Net cash provided by (used for) operating activities Help me solve this Etext pages Get more help . eck answer Do Homework - HW #10 (Statement of Cash Flows) - Google Chrome X mathxl.com/Student/PlayerHomework.aspx?homeworkld=617356739&questionld=7&flushed=true&cld=6818978¢erwin=yes ACC 231 Uses of Accounting Information | Spring 2022 Nick Csekme 02/20/22 7:34 PM lows) Question 7, E11-21A (similar to) HW Score: 70%, 7 of 10 points Save Part 1 of 5 O Points: 0 of 2 Acquisition of plant assets TH cts, Inc., follow: AA Decrease in accounts receivable on to view the additional data.) - X Data table R Depreciation December 31, 2021, using the indirect method. 2. ation, mention all three categories of cash flows and give the rationale for your evaluation Increase in accounts payable Newton Travel Products, Inc. Income Statement Decrease in accrued liabilities Year Ended December 31, 2021 Increase in inventory Revenues: Service revenue $ 283,000 Increase in prepaid expenses Method) Dividend revenue 8,000 291,000 Net income !1 Expenses Cost of goods sold 100,000 Payment of dividends Salary expense 59,000 Payment of long-term note payable Depreciation expense 39,000 Advertising expense 4,400 Proceeds from issuance of common stock Interest expense 2,400 Proceeds from sale of land Income tax expense 9,000 213,800 Net income $ 77,200 Net cash provided by (used for) operating activities Print Done Help me solve this Etext pages Get more help - Clear all Check answer O -99+ 9 EW 8:31 PM 2/20/2022 18