i Income Statement x $ 333,372 Norman Travel Products, Inc. Income Statement Year Ended December 31, 2017 Revenues: Service revenue $ 323,429 Dividend revenue 9,943 Expenses: Cost of goods sold 109,714 Salary expense 61,714 Depreciation expense 30,857 Advertising expense 4,914 Interest expense 2,400 6,857 Income tav ovnenca 216,456 Print Done Data a. Acquisition of plant assets was $228,571. Of this amount, $182,857 was paid in cash and $45,714 by signing a note payable. b. Proceeds from sale of land totalled $26,286. C. Proceeds from issuance of common share totalled $68,571. d. Payment of long-term note payable was $14,857. e. Payment of dividends was $11,429. f. From the balance sheets: December 31, 2017 2016 Current Assets: Cash Accounts receivable Inventory Prepaid expenses 171,429 50,286 118,857 10,857 $ 158,742 65,143 82,286 9,486 Print pone December 31, 2017 2016 $ Current Assets: Cash Accounts receivable Inventory Prepaid expenses Current Liabilities: Accounts payable Accrued liabilities 171,429 50,286 118,857 10,857 $ 158,742 65,143 82,286 9,486 $ 43,429 $ 26,286 27,429 12,571 The income statement and dona da Nom Products, indo ! Click the icon to the income) Click the icon to view the additional data) Requirements 1. Pot of cash for the web 1 2017. ung the method 7. Eve Noma's your ordine exchange for your vi Req. Por cathows the yow ended December 31, 2017, the method Sart coming the cash flow from the compachecon set of cathowing the on-cash investing and financing activities found your answers to the nearest Une parties of a missige formers to be subacted and for negative amounts Norman Travel Products, Inc. Statement of Cash Flows Year Ended December 31, 2017 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for operating activities Cash flows from investing activities Net cash provided by (used for investing activities Cash flows from financing activities Net cash provided by used for) financing activities Het cash provided by used for racing acts Net increase (decrease in cash Non-ching and financing his Requirement 2. Eve Norman's cash fows for the year in your evaluation, mention all three categories of cash flows and give the reason for your even Norman's cash flow looks are the main source of cash The company is investing in new plant assets The being transactions included