i More Info a. Acquisition of plant assets was $160.000. Of this amount. $ 105,000 was paid in cash and $55,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $45,000. c. Proceeds from the issuance of common stock totaled $35,000 d. Payment of a long-term note payable was $17,000. e. Payment of dividends was $9,000. f. From the balance sheets: December 31, 2018 2017 Current assets: Cash $ $ Accounts receivable Inventory Prepaid expenses 165,000 36,000 40,000 10,000 41,800 53,000 90,000 8,300 Current liabilities: $ $ Accounts payable Accrued liabilities 31,000 99,000 10,000 79,000 The income statement and additional data of Bryan Travel Products, Inc., follow: (Click the icon to view the income statement.) A (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. Bryan Travel Products, Inc. A Data Table Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Bryan Travel Products, Inc. Income Statement Adjustments to reconcile net income to Year Ended December 31, 2018 net cash provided by (used for) operating activities: Revenues: Service revenue $ 234,000 Additional data: a. Acquisition of plant assets was $160,000. Of this amount, $105,000 was paid in cash and $55,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $45,000 c. Proceeds from the issuance of common stock totaled $35,000 d. Payment of a long-term note payable was $17,000. e. Payment of dividends was $9,000. f. From the balance sheets: December 31, 2018 2017 Current assets: Cash $ $ 165,000 36,000 40,000 8,100 $ 242,100 Accounts receivable Inventory Dividend revenue Expenses: 41,800 53,000 90,000 8,300 Prepaid expenses 10,000 Cost of goods sold Salary expense Current liabilities: Depreciation expense Net cash provided by used for) operating activities 100,000 56,000 36,000 3,000 2,200 13,000 Accounts payable $ 31,000 $ 10,000 Advertising expense Interest expense Choose from any list or enter any number in the input fields and then click Check Answer. Print Done Income tax expense 210,200 31,900 4 parts $ 4 remaining Net income Check