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

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

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

Requirements

Prepare Norcross'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 Norcross's statement of cash flows for the year ended December $31,2021,$ using the indirect method. subtracted and for a net decrease in cash.$)$