The income statement and additional data of Noman Travel Products, Inc., follow: Click the icon to view the income statement. 0 Click the loon to view the additional data.) Requirements 1. Prepare Norman's statement of cash flows for the year ended December 31, 2018, using the inairect method. 2. Evaluate the company's cash lows for the year. In your evaluation, mention all three categories of cash lows and give the rationale for your evaluation Requirement 1. Prepare Norman's statement of cash flows for the year ended December 31, 2018, using the inairect 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.) Norman Travel Products, Inc. Statement of Cash Flows (Indirect Method Year Ended December 31, 2018 Cash flows from operating activities Adjustments to reconc le net income to net cash provided by (used for) operating activities Choose from any list or enter any number in the input fialds and then click Chack Answer. X More Info Data Table a. Acquisition of plant assets was $118,000. Of this amount, $75,000 was paid in cash and $43,000 was financed by signing a note payable b. Proceeds from the sale of land totaled $27,000 c. Proceeds from the issuance of common stock totaled $60,000 d. Payment of a long-term note payable was $13,000 e. Payment of dividends was $18,000 f. From the balance sheets Norman Travel Products, Inc Income Statement Year Ended December 31, 2018 Revenues $ 280,000 Service revenue 8,900 s 288,900 December 31, Dividend revenue 2018 2017 Expenses Current assets: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense 95,000 61,000 39,000 4,600 2,700 $125,000 46,200 58,000 65,000 8,900 Cash Accounts receivable Inventory Prepaid expenses 45,000 50,000 9,700 8,000 210,300 Current liabilities: Accounts payable Accrued liabilities $ 78,600 Net income 0 20,000 79,000 31,000 21,000 Print Done Print Done