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

Norman Travel Products, Inc.
		Income Statement
		Year Ended December 31, 2016
	Revenues:
		Service revenue	$280,000
		Dividend revenue	9,000	$289,000
	Expenses:
		Cost of goods sold	99,000
		Salary expense	55,000
		Depreciation expense	26,000
		Advertising expense	4,200
		Interest expense	2,300
		Income tax expense	15,000	201,500
	Net income			$87,500

Additional data:

a.	Acquisition of plant assets was $107,000. Of this amount, $75,000 was paid in cash and $32,000 by signing a note payable.
b.	Proceeds from sale of land totaled $25,000.
c.	Proceeds from issuance of common stock totaled $31,000.
d.	Payment of long-term note payable was $11,000.
e.	Payment of dividends was $18,000.
f.	From the balance sheets:
	December 31,
	2016		2015
Current assets:
Cash	$80,000		$33,600
Accounts receivable	43,000		54,000
Inventory	89,000		72,000
Prepaid expenses	9,000		8,900
Current liabilities:
Accounts payable	$30,000		$11,000
Accrued liabilities	11,000		43,000

Requirements 1. Prepare Norman's statement of cash flows for the year ended December 31, 2016, using the indirect method. 2. Evaluate Norman's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation.