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The income statement and additional data of Bolton Travel Products, Inc., follow: ( Click the icon to view the income statement. ) ( Click the

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
Prepare Bolton's statement of cash flows for the year ended December 31,2021, using the indirect method.
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 Bolton's statement of cash flows for the year ended December 31,2021, 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.)
Bolton Travel Products, Inc.
Statement of Cash Flows (Indirect Method)
Year Ended December 31,2021
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
Prepare Bolton's statement of cash flows for the year ended December 31,2021, using the indirect method.
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.
\table[[Data table,A],[\table[[Bolton Travel Products, Inc.],[Income Statement],[Year Ended December 31,2021]]],[Revenues:],[Service revenue,$,235,000,],[Dividend revenue,,8,900,243,900],[\table[[Expenses:],[Cost of goods sold]],,,],[,103,000,],[Salary expense,,63,000,],[Depreciation expense,,36,000,],[Advertising expense,,4,400,],[Interest expense,,2,200,],[Income tax expense,,10,000,218,600],[Net income,,,$,25,300

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