The income statement and additional data of Newman Travel Products, Inc., follow:

$($Click the icon to view the income statement.$)($i$)($Click the icon to view the additional data.$)$

Requirements

Prepare Newman's statement of cash flows for the year ended December $31,2021,$ using the indirect method.

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.

decrease in cash.$)$

Newman Travel Products, Inc.

Statement of Cash Flows $($Indirect Method$)$

Year Ended December $31,2021$

Cash flows from operating activities:

Adjustments to reconcile net income to

net cash provided by $($used for$)$ operating activities:

Data table

Newman Travel Products, Inc.

Income Statement

Year Ended December $31,2021$

Revenues:

Service revenue

$$239,000$

Dividend revenue

$ $247,700$

Expenses: