The Income statement and additional data of Casey Travel Products, Inc., olio: Click the icon to view the instalernen) Click the ison to view the addiliaraldalu. income . ) Requirements 1. Prepare Casey's statement of cash flows for the year ended December 31, 2018 using the invest method 2. Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash Mons and give the rationale for your evaluation. Requirement 1. Prepare Casey's statement of cash flows for the year ended December 31, 2018. using the indirect methan Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the noticash inves.ing and financing activilies. (Use parerilheses or a minus sign for numbers to be subiracled and for a nel decrease in cash. Casey Travel Products, Inc. Statement of Cash Flows (Indirect Method) ) Year Ended December 31, 2018 Data Table Cash flows from operating activities: Casey Travel Products, Inc. Adjustments to reconcile net income to nel cach provided by used for operating aclivities II II Income Statement Year Ended December 31, 2018 Revenues: Service revenue S 299,00 DMdend revenue 8,500 $ 247.500 Expenses Cast of goods sold 100,000 Salary expense 54,000 Depreciation expense 26,000 Advertising expense 4,600 Inlerust expense 2,500 12,0X10 1919 100 Incamilax expense $ $ Net Income 48.400 Nat cash provided by used for) operating activities ( Print Done - 1 More Info Additional data: a. Acquisition of plant assets was $153,000. Of this amount, $102,000 was paid in cash and $51,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $45,000. C. Proceeds from the issuance of common stock totaled $80,000. d. Payment of a long-term note payable was $18,000. e. Payment of dividends was $14,000. f. From the balance sheets: December 31, 2018 2017 Current assets: $ $ 8,700 Cash Accounts receivable Inventory Prepaid expenses 75,000 40,000 50,000 58,000 72,000 9,200 8,100 Current liabilities: Accounts payable $ $ 12,000 32,000 21,000 Accrued liabilities 79,000 Print Done