The income statement and additional data of Noel Travel Products, Inc., follow: (Click the icon to view the income statement.) (i) (Click the icon to view the additional data.) Requirements 1. Prepare Noel'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 flow give the rationale for your evaluation. Requirement 1. Prepare Noel's statement of cash flows for the year ended December 31, 2021, using the indirec method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash including the noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtr and for a net decrease in cash.) Noel Travel Products, Inc. Income Statement Year Ended December 31, 2021 Revenues: Service revenue Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense Net income \$ 283,000 8,100 \$ 291,100 99,000 62,000 33,000 2,900 2,600 10,000 $81,600 Additional data: a. Acquisition of plant assets was $184,000. Of this a anount, $140,000 was paid in cash and $44,000 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 $47,000. d. Payment of a long-term note payable was $11,000. e. Payment of dividends was $17,000. f. From the balance sheets