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The income statement and additional data of Newbury Travel Products, Inc., follow Click the icon to view the income statement) Requirements Click the icon
The income statement and additional data of Newbury Travel Products, Inc., follow Click the icon to view the income statement) Requirements Click the icon to view the national date) 1. Prepare Newbury'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 at three categories of cash fows and give the rationale for your evaluation. Requirement 1. Prepare Newbury's statement of cash flows for the year ended December 31, 2021, 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. Newbury Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2021 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities Depreciation Decrease in accounts receive Increase in inventory increase in prepaid Increase in accounts payable Decrease in accrued Sab Net cash provided by using s 22,000 71,400
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