The income statement and additional data of Baraby Travel Products, Inc., follow: Click the icon to view the income statement.) (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 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. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Barnaby Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities hann alle and then in Chant Anu Revenues: Service revenue $ 236,000 8,500 $ 244,500 Dividend revenue 96,000 Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense 60,000 28,000 4,700 Interest expense 2,800 14,000 Income tax expense 205,500 $ Net income 39,000 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 payable. b. Proceeds from the sale of land totaled $39,000. c. Proceeds from the issuance of common stock totaled $31,000. d. Payment of a long-term note payable was $16,000. e. Payment of dividends was $8,000. f. From the balance sheets: December 31, 2018 2017 Current assets: Cash $ $ 33,200 170,000 47,000 Accounts receivable 63,000 30,000 72,000 Inventory Prepaid expenses 9,000 8,800 Current liabilities: Accounts payable $ 34,000 $ 19,000 Accrued liabilities 90,000 . 35,000