E11-19A (similar to) The income statement and additional data of Bryan Travel Products, Inc., follow (Click the icon to view the income statement.) Click the icon to view the additional data.) Requirements 1. Prepare Bryan's statement of cash flows for the year ended December 31, 2018, 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, Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Choose from any list or enter any number in the input fields and then click Check Answer lucts, Data Table e icon d Ded aluati Income Statement Year Ended December 31, 2018 luation Revenues: 2018 Service revenue 234,000 8,300 $ Dividend revenue 242,300 Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense 98,000 55,000 21,000 4,300 1,900 7,000 187,200 Income tax expense 55,100 Net income and Print Done Assign More Info of Bryan ement.) ws for the r the year nded Dec Additional data: Acquisition of plant assets was $192,000. Of this amount, $160,000 was paid in cash and $32,000 was financed by signing a noto payable. b. Proceeds from the sale of land totaled $27,000. c. Proceeds from the issuance of common stock totaled $47.000. d. Payment of a long-term note payable was $11,000. e. Payment of dividends was $13,000. f. From the balance sheets: to rating activ December 31, 2018 2017 $ Current assets: cash Accounts receivable Inventory Prepaid expenses 75,000 49,000 60,000 9,600 57,000 60,000 91,000 8,500 er in the il Print Done 6. Fann UI Uividends was $13,000. f. From the balance sheets: December 31, 2018 2017 $ Current assets: Cash Accounts receivable Inventory Prepaid expenses 75,000 49,000 60,000 57,000 60,000 91,000 8,500 9,600 Current liabilities: Accounts payable Accrued liabilities $ 25,000 39,000 11,000 14,000 Print Done