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

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

Requirements

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

Newton Travel Products, Inc.

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

Year Ended December $31,2021$

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Additional data:

a$.$ Acquisition of plant assets was $$152,000.$ Of this amount, $$102,000$

was paid in cash and $$50,000$ was financed by signing a note

payable.

b$.$ Proceeds from the sale of land totaled $$48,000.$

c$.$ Proceeds from the issuance of common stock totaled $$29,000.$

d$.$ Payment of a long$-$term note payable was $$11,000.$

e$.$ Payment of dividends was $$10,000.$

f$.$ From the balance sheets:

December $31,$