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 $31,2021$