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The income statement and additional data of Barnaby Travel Products, Inc., follow BDS (Click the icon to view the income statement) A (Click the icon to view the additional data.) Requirements 1. Prepare Barnaby'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 More Info Additional data a. Acquisition of plant assets was $156,000. Of this amount, $104,000 was paid in cash and $52,000 was financed by signing a note se in payable - b. Proceeds from the sale of land totaled $39,000 c. Proceeds from the issuance of common stock totaled 531,000. d. Payment of a long-term note payable was 516,000 e. Payment of dividends was 58,000. f. From the balance sheets December 31, 2018 2017 Requirement 1. Prepare Barnaby's statement of cash flows for the year ended December 31, 2018, 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 Barnaby Travel Products, Inc. Statement of Cash Flows (Indirect Me Data Table Year Ended December 31, 2018 Cash flows from operating activities: Net income Barnaby Travel Products, Inc. Adjustments to reconcile net income to Income Statement net cash provided by (used for) operating activities: Year Ended December 31, 2018 Depreciation Revenues Decrease in accounts receivable Service revenue S 236,000 Decrease in inventory Dividend revenue Increase in prepaid expenses Expenses Increase in accounts payable Cost of goods sold 96,000 Increase in accrued liabilities Salary expense 60,000 Net cash provided by (used for) operating activities Depreciation expense 28,000 Cash flows from investing activities: Advertising expense 4,700 Acquisition of plant assets Interest expense 2,800 Proceeds from sale of land Income tax expense 14,000 205,500 Net cash provided by (used for) investing activities $ 39,000 Net income Current assets: Cash S S 8,500 $ 244,500 Accounts receivable 170,000 47 000 33.200 63,000 72,000 30.000 Inventory Prepaid expenses 9.000 8.800 Current liabilities: 5 34.000 Accounts payable Accrued liabilities $ 19,000 90.000 35,000 C4F. Print Done This question is complete. Move your cursor over or tap on the Print Done All parts showing W S11-7 (similar to) Eduardo Corporation accountants have assembled the following data for the year ended June 30, 2018 (Click the icon to view the data.) Prepare Eduardo Corporation's statement of cash flows for the year ended June 30, 2018. The company uses the indirect method for operating activities Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease i Eduardo Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Data Table X Cash flows from operating activities: Net income $ 119,000 Payment of dividends $ ? Cost of goods sold 6,400 Other operating expenses Purchase of equipment Adjustments to reconcile net income to net cash provided by (used for) operating activities: 33.000 Proceeds from the issuance of common stock 18,000 with cash 41,000 Sales revenue. 200,000 Decrease in current liabililites 8,000 Decrease in current assets Payment of note payable 34,000 Proceeds from sale of land 26,000 28,000 other than cash Net cash provided by (used for) operating activities Purchase of treasury stock. 11,000 Depreciation expense 11.000 Print Done