The income statement and additional data of Newman Travel Products, Inc., follow: (Click the icon to view the income statement.) Requirements (Click the icon to view the additional data.) 1. Prepare Newman'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. Requirement 1. Prepare Newman'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.) Newman Travel Products, Inc. Statement of Cash Flows (Indirect Method) Data table More info Year Ended December 31, 2021 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 Help me solve this Etext pages Calculator Newman Travel Products, Inc. Income Statement Year Ended December 31, 2021 Revenues: Service revenue $ 238,000 8,900 Dividend revenue $ 246,900 Additional data: a. Acquisition of plant assets was $151,000. Of this amount, $95,000 was paid in cash and $56,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $25,000. c. Proceeds from the issuance of common stock totaled $36,000. d. Payment of a long-term note payable was $18,000. e. Payment of dividends was $9,000. f. From the balance sheets: Expenses: Cost of goods sold 102,000 December 31, 2021 2020 Salary expense 58,000 Depreciation expense 21,000 Current assets: Cash $ Advertising expense 2,000 Interest expense 2,700 13,000 198,700 Accounts receivable Inventory 100,000 39,000 $ 78,000 57,000 33,000 84,000 Income tax expense Prepaid expenses 9,200 9,000 $ 48,200 Net income Current liabilities: Accounts payable 33,000 $ 17,000 Print Done Accrued liabilities 11,000 82,000 ar all