The income statement and additional data of Norton Travel Products, Inc., follow: Click the icon to view the income statement.) (Click the icon to view the additional data) Requiremints 1. Prepare Norton's statement of cash flows for the year ended December 31, 2018, using the indirect method. 2. 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 Start by completing the cash flows from operating activities. Then completo 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) Norton Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcilo net income to net cash provided by used for) operating activities Net cash provided by (used for) operating activities Data table x Norton Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue $ 235,000 Dividend revenue 8,600 $ 243,600 103,000 Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense 55,000 21,000 4,400 2,500 Income tax expense 7,000 192,900 Net income $ 50,700 More info Additional data: a. Acquisition of plant assets was $147,000. Of this amount, $103,000 was paid in cash and $44,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $59,000. c. Proceeds from the issuance of common stock totaled $36,000. d. Payment of a long-term note payable was $18,000. e. Payment of dividends was $16,000. f. From the balance sheets: December 31, 2018 2017 Current assets: Cash $ 80,000 $ 9,200 35,000 53,000 Accounts receivable Inventory Prepaid expenses 40,000 90,000 9,800 8,900 Current liabilities: Acquisition of plant assets TH Decrease in accounts receivable Depreciation RE 1. 2. Increase in accounts payable St Decrease in accrued liabilities ac Decrease in inventory Increase in prepaid expenses Net income Payment of dividends Payment of long-term note payable LL Net cash provided by (used for) operating activities