Score: 0.42 of 1 pt 10 of 10 (10 complete) E11-19A (similar to) The income statement and additional data of Bolton Travel Products, Inc., follow: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Bolton'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. Statement or casn Fiows (indirect metnoa) Year Ended December 31, 2018 Cash flows from operating activities: Net income $ 51,700 Adjustments to reconcile net income to net cash provided by used for) operating activities: Depreciation 33,000 Decrease in accounts receivable 11,000 5,000 Decrease in inventory Increase in prepaid expenses Increase in accounts payable (1.100) 17,000 Increase in accrued liabilities 61,000 125,900 177.600 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 click Check Answer. Score: 0.42 of 1 pt 10 of 10 (10 complete) HW Score: 92.31%, 9.23 of (x) E11-19A (similar to) Question Help The income statement and additional data of Bolton Travel Products, Inc., follow: E (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Bolton'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 al give the rationale for your evaluation. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Net income $ 51,700 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation $ 33,000 Decrease in accounts receivable 11,000 Decrease in inventory 5,000 Increase in prepaid expenses Increase in accounts payable (1,100) 17,000 61,000 Increase in accrued liabilities 125,900 177,600 Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Score: 0.42 of 1 pt 10 of 10 (10 complete) E11-19A (similar to) The income statement and additional data of Bolton Travel Products, Inc., follow: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Bolton'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. Statement or casn Fiows (indirect metnoa) Year Ended December 31, 2018 Cash flows from operating activities: Net income $ 51,700 Adjustments to reconcile net income to net cash provided by used for) operating activities: Depreciation 33,000 Decrease in accounts receivable 11,000 5,000 Decrease in inventory Increase in prepaid expenses Increase in accounts payable (1.100) 17,000 Increase in accrued liabilities 61,000 125,900 177.600 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 click Check Answer. Score: 0.42 of 1 pt 10 of 10 (10 complete) HW Score: 92.31%, 9.23 of (x) E11-19A (similar to) Question Help The income statement and additional data of Bolton Travel Products, Inc., follow: E (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Bolton'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 al give the rationale for your evaluation. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Net income $ 51,700 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation $ 33,000 Decrease in accounts receivable 11,000 Decrease in inventory 5,000 Increase in prepaid expenses Increase in accounts payable (1,100) 17,000 61,000 Increase in accrued liabilities 125,900 177,600 Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities