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The income statement and additional data of Norton Travel Products, Inc. follow: IIB (Click the icon to view the income statement.) [Click the icon to
The income statement and additional data of Norton Travel Products, Inc. follow: IIB (Click the icon to view the income statement.) [Click the icon to view the additional data.) Requirements 1. Prepare Norton's statement of cash flows for the year ended December 31,2021 , using the indirect method. 2. Evaluate the company's cash fows for the year. In your ovaluabion, mention all three categorlos of cash flows and give the rationale for your evaluation. Requlrement 1. Prepare Norton's statement of cash flows for the year ended December 31, 2021, using the indirect method: Start by completing the cash flows from operasing activites. Then complote esch secton of the statement of cash flows, including the noncash investing and finanding activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash) Norton Travel Producte, Ine. Statement of Cash Flows (indirect Methed) Year Ended December 31, 2021 Data table Data table Additional data: a. Acquisition of plant assets was $130,000. Of this amount, $75,000 was paid, in csh and $55,000 was financed b signing a note payable. b. Proceeds from the sale of land totaled $25,000. c. Proceeds from the issuance of common stock totaled $47,000. d. Payment of a long-term note payable was $12,000. e. Payment of dividends was $9,000. f. From the balance sheets: More info
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