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 1. Prepare Bolton'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. Bolton Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue $ 245,000 8,600 $ 253,600 Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense 95,000 62,000 25,000 Interest expense 3,000 2,400 12,000 Income tax expense 199,400 54,200 $ Net income Bolton 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 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 1. Prepare Bolton'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. Bolton Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue $ 245,000 8,600 $ 253,600 Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense 95,000 62,000 25,000 Interest expense 3,000 2,400 12,000 Income tax expense 199,400 54,200 $ Net income Bolton 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