NEED THE ANSWERS TO THE DROP DOWNS ALSO

The income statement and additional data of Bryan Travel Products, Inc., follow EE Click the icon to view the income statement)Cick the icon to view the additional data) 1. Prepare Bryan's statement of cash tows for the year ended December 31, 2018, using the indirect method 2. Evaluate the company's cash tows for the year in your evaluation mention all three categories of cash tows and give the rationale for your evaluation Requirement 1. Prepare Bryan's statement of cash flows for the year ended December 31, 2018, using the indirect methocd Start by completing the cash fows trom operating activities. Then complete each section of the statement of cash flows, including the noncash 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 More Info Data Table Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities Additional data a. Acquisition of plant assets was $224,000. Of this amount, $180,000 Bryan Travel Products, Inc. Income Statement Year Ended December 31, 2018 was paid in cash and $44000 was financed by signing a note payable b. Proceeds from the sale of land totaled $27,000 C. Proceeds from the issuance of common stock totaled $47,000 d. Payment of a long-term note payable was $21,000 e. Payment of dividends was $18,000 t. From the balance sheets Revenues Service revenue S 279,000 0.200 s 287 200 Dividend revenue Expenses December 31 2018 Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense 102.000 62.000 36,000 4,400 2017 Current assets: Acquisition of plant assets Decrease in accounts receivable Depreciation Increase in accounts payable Increase in accrued liabilbes Decrease in inventory Increase in prepaid expenses Net income Payment of dividends Payment of long-term note payable Proceeds from issuance of common stock Proceeds from sale of land S 165,000 38,000 50,000 9,600 65,100 59,000 73,000 8,600 Accounts receivable 1,900 12.000 218,300 Prepaid expenses S 68,900 Net income Current liabilities Accounts payable Accrued labilities $ 40,000 99,000 28,000 14,000 Print Done Print Done