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The income statement and addisconal data of Stoughtion Travel Products, Inc, follow: (Click the icon to view the incorte stalement) (3) (Cick the icon to
The income statement and addisconal data of Stoughtion Travel Products, Inc, follow: (Click the icon to view the incorte stalement) (3) (Cick the icon to vew the addional data) Requirotments 1. Prepare Stoughtoris taloment of cash flows for the year ended December 31, 2021, using the indivect method. 2. Evaluate the companys cash flows for the year. in your evaluation, menten all three categories cash flows and give the rationale for your evaluasion. Start by completing the cash flows from operating acivites. Then complete each section of the statement of cash flows, inctuding the noncash itwesting and financing actertes. (Use partintieses a minus sign for numbers lo be subtracted and for a net docrease in cash.) Data table give the rat , including Stat More info was paid in cash and $51,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $25,000. c. Proceeds from the issuance of common stock totaled $100,000. d. Payment of a long-term note payable was $14,000. e. Payment of dividends was $10,000. f. From the balance sheets
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