Requirements 1. Prepare Noel'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. Requirement 1. Prepare Noel's statement of cash flows for the year ended Decernber 31, 2016, using the indirect method. Slart by completing the cash flows from operaling activilies. Then complete each section of the staterrent af cash flows, including the noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a nel decrease in cash.) More Info Noel Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: i Data Table Adjustments to reconcile net incomo net cash provided by (used for) operating activities: Additional data: a. Acquisition of plant assets was $190,000. Of this amount $140,000 was pa din cash and $50,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $79,000 c. Proceeds from the issuance of common stock totaled $60,000 d. Payment of a long-term nole payable was $20,000. e. Payment of dividende was $15,000. f. From the balance shoots Noel Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue $ 255,000 Dividend revenue 8,800 $ 263,800 Expenses: Cost of goods sold 99.000 Salary expense 56.000 Depreciation expense 35.000 Advertising expense 4,100 Interest expense 1,900 Income tax expense 16,000 213,000 $ 50,000 Net income December 31 2018 2017 Net cash provided by used for) operating activities S $ 49.400 Current assets: Cash Accounts receivable Inventory Prepaid expenses 65,000 37,000 89,000 9.500 57.000 59.000 8.300 Current liabilities: Accounts payable Accrued liabilities S $ Choose from any list or enter any number in the input fields and then click Check Answer. 32,000 17,000 18.000 57.000 ? Print Done narts