The income statement and additional data of Bryan Travel Products, Inc., follow: (Click the icon to view the income statement.) Requirements (Click the icon to view the additional data.) 1. Prepare Bryan'sstatement of cash flows for the year ended December 31, 2018using 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. Requirement 1. Prepare Bryan's statement of cash flows for the year ended December 31, 2018, 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.) Bryan 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 Bryan Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue 69 Dividend revenue $ 280,000 8,000 $ 288,000 Expenses: Cost of goods sold 103,000 Salary expense 55,000 Depreciation expense 33,000 Advertising expense 4,500 Interest expense 3,300 Income tax expense 12,000 210,800 Net income $ 77,200 Additional data: a. Acquisition of plant assets was $159,000. Of this amount, $105,000 was paid in cash and $54,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $34,000. c. Proceeds from the issuance of common stock totaled $35,000. d. Payment of a long-term note payable was $14,000. e. Payment of dividends was $10,000. f. From the balance sheets: Current assets: December 31, 2018 2017 Cash $ 80,000 $ 27,300 Accounts receivable 40,000 54,000 Inventory 104,000 84,000 Prepaid expenses 9,100 8,600 Current liabilities: Accounts payable $ 35,000 $ 23,000 Accrued liabilities 11,000 14,000