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The income statement and additional data of Norman Travel Products, Inc., follow (Click the icon to view the income statement.) Requirements (Click the icon
The income statement and additional data of Norman Travel Products, Inc., follow (Click the icon to view the income statement.) Requirements (Click the icon to view the additional data.) 1. Prepare Norman's statement of cash flows for the year ended December 31, 2020, 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 Requirement 1. Prepare Norman's statement of cash flows for the year ended December 31, 2020, 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 non-cash investing and financing activities. (Round your answers to the nearest whole dollar. Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Norman Travel Products, Inc. Statement of Cash Flows Year Ended December 31, 2020 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activites Cash flows from investing activities
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