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Requirements 1. Prepare Newman's statement of cash flows for the year ended December 31, 2017, using the indirect 2. Evaluate Newman's cash flows for the year. In your evaluation, mention all three categories of cash flo Requirement 1. Prepare Newman's statement of cash flows for the year ended December 31, 2017, using Start by completing the cash flows from operating activities. Then complete each section of the statement financing activities. (Round your answers to the nearest whole dollar. Use parentheses or a minus sig amounts.) Newman 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 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 Choose from any list or enter any number in the input fields and then continue to the next questio 2. Evaluate Newman's cash flows for the year. In your evaluation, mention allt 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 Net increase (decrease) in cash Income Statement X Newman Travel Products, Inc. Income Statement Year Ended December 31, 2017 evenues Service revenue $ 336,905 Dividend revenue 10,357 $ 347,262 Expenses Cost of goods sold 114 286 64,286 Salary expense Depreciation expense Advertising expense 32,143 5,119 Interest expense 2,500 7 143 225.477 Income tax expense a $ 121 785 Net income bla Print Done Net cash provided by (used for) financing activities Net increase (decrease) in cash Non-cash investing and financing activities Requirement 2. Evaluate Newman's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for y Newman's cash flow looks are the main source of cash. The company is investing in new plant assets The financing transactions included Choose from any list or enter any number in the input fields and then continue to the next question. Data dditional data: 1. Acquisition of plant assets was $238,095. Of this amount, $190,476 was paid in cash and $47,619 by signing a note payable. 2. Proceeds from sale of land totalled $27,381 -. Proceeds from issuance of common share totalled $71,429. 9. Payment of long-term note payable was $15,476. e. Payment of dividends was $11,905. . From the balance sheets December 31, 2017 2016 Current Assets: Cash $ 178,571 $ 165,358 Accounts receivable 52,381 Inventory 67,857 85,714 123,810 Prepaid expenses Current Liabilities: 11,310 9.881 Accounts payable S 45.238 $ 27,381 Accrued liabilities 13.095 28.571 Print Done anadan UI Newman Travel Products, Inc., follow: B (Click the icon to view the income statement.) i (Click the icon to view the additional data.) Requirements 1. Prepare Newman's statement of cash flows for the year ended December 31, 2017, using the indirect method. 2. Evaluate Newman's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason Requirement 1. Prepare Newman's statement of cash flows for the year ended December 31, 2017, using the indirect method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including financing activities. (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for numbers to be s amounts.) Newman 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: Requirements 1. Prepare Newman's statement of cash flows for the year ended December 31, 2017, using the indirect method. 2. Evaluate Newman's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rea 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: 1. Prepare Newman's statement of cash flows for the year ended December 31, 2017, using the indirect method. 2. Evaluate Newman's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason Net cash provided by used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Non-cash investing and financing activities: Requirement 2. Evaluate Newman's cash flows for the year. In your evaluation, mention all three categories of cash flows and give hor in the innut fields and then continue to the next gestion Net cash provided by (used for) financing activities Net increase (decrease) in cash Non-cash investing and financing activities: equirement 2. Evaluate Newman's cash flows for the year. In your evaluation, mention all three categories of cash flows ewman's cash flow looks 7 are the main source of cash. The company is investing in new pl The financing transactions included oose from any list or enter any number in the input fields and then continue to the next question. n's statement of cash flow an's cash flows for the yea Newman Travel Products, Inc. reason for your evaluation Stateme Income Statement Year Ended Year Ended December 31, 2017 perating activities: Revenues: Service revenue $ 336,905 econcile net income to Dividend revenue 10,357 $ 347,262 vided by (used for) operatin Expenses Cost of goods sold 114,286 11 64,286 Salary expense Depreciation expense Advertising expense 32,143 5,119 Interest expense 2,500 7, 143 225,477 Income tax expense. $ 121,785 Net income rovided by (used for) opera nvesting activities: Print Done Additional data a. Acquisition of plant assets was $238,095. Of this amount, $190,476 was paid in cash and $47,619 by signing a note payable. b. Proceeds from sale of land totalled $27,381. c. Proceeds from issuance of common share totalled $71,429. d. Payment of long-term note payable was $15,476. e. Payment of dividends was $11.905. f. From the balance sheets f. From the balance sheets: December 31, 2017 2016 Current Assets: Cash $ 178,571 used for $ 165,358 Livities: Accounts receivable 52,381 123,810 67,857 85,714 Inventory Prepaid expenses Current Liabilities: 11,310 9,881 (used for 45,238 $ 27,381 Accounts payable ctivities: 13,095 28,571 Accrued liabilities Drint Done