requirement 1 and 2 pls

Data table Next questi Norcross Travel Products, Inc. Income Statement Year Ended December 31, 2021 Revenues: Service revenue $ 239,000 8,200 $ 247,200 Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense 102,000 57,000 35,000 4,500 3,300 6,000 207,800 Net income $ 39,400 Print Done Additional data: a. Acquisition of plant assets was $133,000. Of this amount, $103,000 was paid in cash and $30,000 was financed by signing a note payable b. Proceeds from the sale of land totaled $27,000 Proceeds from the issuance of common stock totaled $60,000 d. Payment of a long-term note payable was $17,000 Payment of dividends was $10,000. f. From the balance sheets: c. e. December 31 2021 2020 Current assets: Cash Accounts receivable Inventory Prepaid expenses 90,000 38,000 29,000 9,800 $ 51,300 55,000 49,000 8,100 Current liabilities: Accounts payable Accrued liabilities $ $ 15,000 31,000 36,000 80,000 Requirements 1. Prepare Norcross statement of cash flows for the year ended December 31, 2021, 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 Norcross Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2021 Cash flows from operating activities: Net income 39400 Adjustments to reconcile net income to net cash provided by (used for) operating activities Depreciation Decrease in accounts receivable Decrease in inventory Increase in prepaid expenses Increase in accounts payablo Decrease in accrued abilities Net cash provided by used for) operating activities