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The income statement and additional data of Bolton Travel Products, Inc., follow: (Click the icon to view the income statement.) (1) (Click the icon to
The income statement and additional data of Bolton Travel Products, Inc., follow: (Click the icon to view the income statement.) (1) (Click the icon to view the additional data.) Requirements 1. Prepare Bolton's statement of cash flows for the year ended December 31,2021 , 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.) Data table Additional data: a. Acquisition of plant assels was $144,000. Of this amount, $102,000 was paid in cash and $42,000 was financed by signing a note payable. b. Proceeds fram the sale of land tataled $48,000. c. Proceeds from the issuance of comman stock totaled $35,000. d. Payment of a long-term note payable was $19,000. e. Payment of dividends was $13,000. f. From the balance sheets
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