The income statement and additional data of Barnaby Travel Products, Inc., follow: EEE (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 Requirement 1. Prepare Barnaby's statement of cash flows for the year ended December 31, 2018, using the indirect method 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. More Info Data Table Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Barnaby Travel Products, Inc. Income Statement Year Ended December 31, 2018 Adjustments to reconcile net income to net cash provided by (used for) operating activities 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 Revenues Service revenue $ 236,000 8,500 S 244 500 Dividend revenue Expenses December 31, Cost of goods sold 96,000 2018 2017 Salary expense 60,000 Current assets: Depreciation expense 28,000 Cash $ 170.000 $ 33,200 Net cash provided by (used for) operating activities Advertising expense 4.700 Accounts receivable 47,000 63,000 Interest expense 2,800 14.000 205,500 Inventory 72.000 30,000 Income tax expense 9,000 8,800 $ 39,000 Prepaid expenses Net income Current liabilities: Print Done $ 34,000 Accounts payable $ 19,000 Choose from any list or enter any number in the input fields and then click Check Answer Accrued liabilities 90,000 35,000 Uledi All parts remaining