The income statement and additional data of Noel Travel Products, Inc., follow: 5 Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Noel's statement of cash flows for the year ended December 31, 2018, 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 Noel's statement of cash flows for the year ended December 31, 2018, 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.) x - X Data Table More Info Noel Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Noel Travel Products, Inc. Additional data: a. Acquisition of plant assets was $115,000. Of this amount, $75,000 was paid in cash and $40,000 was financed by signing a note Income Statement Adjustments to reconcile net income to net cash provided by (used for) operating activities: Year Ended December 31, 2018 payable. Revenues: Service revenue $ 238,000 b. Proceeds from the sale of land totaled $45,000. c. Proceeds from the issuance of common stock totaled $35,000. d. Payment of a long-term note payable was $13,000. e. Payment of dividends was $18,000. f. From the balance sheets: Dividend revenue 8,900 $ 246,900 95,000 December 31, 2018 2017 56,000 Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense 34.000 Current assets: Net cash provided by (used for) operating activities $ 90,000 $ 6.200 4,600 2.500 13,000 42.000 55,000 Cash Accounts receivable Inventory Prepaid expenses Income tax expense 205,100 89,000 91,000 $ 41,800 9,600 8,600 Net income Current liabilities: Print Done S 39,000 $ 23.000 Accounts payable Accrued liabilities Choose from any list or enter any number in the input fields and then click Check Answer. 18,000 14,000 parts remaining Clear All Print Done