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I need helping solving requirements 1. and 2. 1. Prepare Bolton's statement of cash flows for the year ended December 31, 2021, using the indirect
I need helping solving requirements 1. and 2.
Year Ended December 31, 2021 Revenues: Service revenue Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense Net income $234,000 9,000$243,000 102,000 56,000 34,900 2.900 2.500 15.000 \begin{tabular}{r} 212,400 \\ $30,600 \\ \hline \hline \end{tabular} a. Acquisition of plant assets was $172,000. Of this amount, $140,000 was paid in cash and $32,000 was financed by signing note payable. b. Proceeds from the sale of land totaled $27,000. c. Proceeds from the issuance of common stock totaled $29,000. d. Payment of a long-term note payable was $14,000. e. Payment of dividends was $13,000. f. From the balance sheets: nanomhar 31 f. From the balance sheets: Year Ended December 31, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities 1. Prepare Bolton's statement of cash flows for the year ended December 31, 2021, using the indirect method. Start by completing the cash flows from operating activities . Then complete each section of the statement of cash flows , including the noncash investing and financing activities
2. Evaluate the company's cash flows for the yearIn your evaluation, mention all three categories of cash flows and give the rationale for your evaluation.
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