The income statement and additional data of Breen Travel Products, Inc., follow (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Proparo Broen's statement of cash flows for the year ended December 31, 2020, using the indirect method. 2. Evaluate Breen's cash flows for the year In your evaluation, mention all three categories of cash flows and give the reason for your evaluation Requirement 1. Prepare Breen's statement of cash flows for the year ended December 31, 2020, using the indirect method Start by completing the cash flows from operating activities. Then complete each section of the sta nearest whole and fo X Data Income Statement Breen Travel Products, Inc. Cash Blows f Adjustment Income Statement Year Ended December 31, 2020 Additional data: a. Acquisition of plant assets was $247,619. Of this amount, $198,095 was paid in cash and $49,524 by signing a note payable b. Proceeds from sale of land totalled $28,476 c. Proceeds from issuance of common share totalled $74,286. d. Payment of long-term note payable was $16,095. e. Payment of dividends was $12,381 f. From the balance sheet X Revenues net cas Service revenue $ 350,381 10,771 Dividend revenue $ 361,152 Expenses December 31, 2020 2019 Cost of goods sold 118,857 Salary expense 66,857 Current Assets: Depreciation expense 33 429 Cash 185,714 $171,971 Net ca Advertising expense 5,324 Accounts receivable 54,476 70,571 Cash flows in Interest expense 2.600 Inventory 128.762 89.143 7.429 234.496 Prepaid expenses 11.762 10,276 Income tax expense $ 126,656 Current Liabilities: Net income Accounts payable S 47,048 $28,476 Net ca Accrued liabilities 13,619 29.714 Print Done Choose from a bext qu Print Done