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 31,2021 , 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. Adjustments to reconcile net income to net cash provided by (used for) operating activities: \begin{tabular}{|l|r|} \hline Depreciation & 26000 \\ \hline Decrease in accounts receivable & 11000 \\ \hline Decrease in inventory & 50000 \\ \hline Increase in prepaid expenses & -6000 \\ \hline Increase in accounts payable & 14000 \\ \hline Increase in accrued liabilities & 22000 \\ \hline \end{tabular} Service revenue $245,000 Dividend revenue Expenses: CostofgoodssoldSalaryexpenseDepreciationexpenseAdvertisingexpenseInterestexpense104,00061,00026,0004,1002.100 CashAccountsreceivableInventoryPrepaidexpenses$46,00040,0009,300150,00090,0008,700$50,80057,000 Current liabilities: 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 31,2021 , 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. Adjustments to reconcile net income to net cash provided by (used for) operating activities: \begin{tabular}{|l|r|} \hline Depreciation & 26000 \\ \hline Decrease in accounts receivable & 11000 \\ \hline Decrease in inventory & 50000 \\ \hline Increase in prepaid expenses & -6000 \\ \hline Increase in accounts payable & 14000 \\ \hline Increase in accrued liabilities & 22000 \\ \hline \end{tabular} Service revenue $245,000 Dividend revenue Expenses: CostofgoodssoldSalaryexpenseDepreciationexpenseAdvertisingexpenseInterestexpense104,00061,00026,0004,1002.100 CashAccountsreceivableInventoryPrepaidexpenses$46,00040,0009,300150,00090,0008,700$50,80057,000 Current liabilities