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IE Question Help E11-19A (similar to) The income stalernent and addiliorial cala of Bryan Travel Producls, Inc., follow: Click the icon to view the income
IE Question Help E11-19A (similar to) The income stalernent and addiliorial cala of Bryan Travel Producls, Inc., follow: Click the icon to view the income statement) i (Cick the loon 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. Evalinta the company's cash floras for the year in your evaluation, marbon a three categories of cash flows and give the rationale for your evaluation Requirement 1. Prepare Bryan's statement of cash flows for the year anded December 31, 2018, using the direct method Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the nancash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Bryan Travel Products, Inc. Statement of Cash Flows Indirect Method) Year Ended December 31, 2018 i More Info i Data Table Cash flows from operating activities: Adjustments to reconcile net income to nat cash provided by used for) operating acties: Bryan Travel Products, Inc. Income Statement Year Ended December 31, 2018 Andtonal data: a. Acquisition of plantassels was $183,000. Of this amount, $140,000 was paid in cash and $13,000 was financed by signing a note payable. b. Proceeds from the sale of land localed $59.000. c. Proceeds from the issuance af common stock totaled $47.000. d. Payment of a long-term note payable was $19,000 e. Payment of derde weg 514,000. f. Fruin the balance sheels: Ravenues: Service revenue $ 283,000 Dividend revenue 2.700 $ 201,700 Expenses: December 31, 2018 2017 Net cash provided by used for) aperating activities Current assets: Cost of goods sold Salary expense Deprecallan expense Advertising expense Interest expense Cash 702 000 57,000 27,000 4.100 3,300 10.000 S Accounts receivable 165,000 34,000 89,000 9,900 S 152,200 53,000 85,000 8,400 Inventory Prepaid expenses Income tax expense 200,400 $8,300 Nel income Current liabilities: $ Print Done Accounts payable Accrued liabilities 24,000 21,000 $20,000 68,000 Choose from any list or enter any number in the input fields and then click Check Answer. Print Done 4 parts 4 remaining Clear Al
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