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helpmplz 8 The income statement and addifonal data of Norton Travel Products, Inc. follow: (Cick the loon to view the income statement) C (Cick the
helpmplz 8
The income statement and addifonal data of Norton Travel Products, Inc. follow: (Cick the loon to view the income statement) C (Cick the icon to view the odditional data.) Requirements 1. Prepare Nortan's statement of caeh flows for the year ended December 31, 2021, using the indirect method. 2. Evaluale the company's cash flows for the year. In your evaluation, tnenson al thee categories of cash fiows and give the ratonale for your evaluaton. Requirement 1. Prepare Norton's statement of cash flows for the year ended December 31, 2021, using the indirect method. Start by completing the cash flows from operating activites. Then complete each section of the stasement of cash flows, indluding the noncash invosting and franong activites. (Use parentheses or a minus sign foc numbers to be wattracted and for a net decrease in cash) Requirement 2. Evaluate Norton's cash fiows for the yoar. th your evaluation, montion all thited calegories of cash flows and give the rationale for your eyaluation. Nortoris cash fioss look are the main source of cash. The compayy invested in new asseti The financing Iransactions includes. . All of these Aya are Data table Additional data: a. Acquisition of plant assets was $132,000. Of this amount, $102,000 was paid in cash and $30,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $25,000. c. Proceeds from the issuance of common stock totaled $36,000. d. Payment of a long-term note payable was $15,000. e. Payment of dividends was $16,000. f. From the balance sheets Step by Step Solution
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