The income statement and additional data of Nyman Travel Products, Inc. follow: (first photo)

Requirement 1. Prepare Nyman's statement of cash flows for the year ended December 31, 2016, using the INDIRECT method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flow's, including the non-cash investing and financing activities.

Requirement 2. Evaluate Nyman's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation.

"Nyman's cash flows look (STRONG or WEAK). (FINANCING or INVESTING or OPERATING activities) are the meain source of cash. The company invested in new assets (BUT WAS REQUIRED TO BORROW THE ENTIRE PURCHASE PRICE or WITHOUT HAVING TO BORROW THE ENTIRE PURCHASE PRICE). The financing transactions included (ISSUING NOTES PAYABLE TO ACQUIRE PLANT ASSETS or ISSUING STOCK, PAYING DIVIDENDS, AND MAKING PAYMENTS ON A LONGTERM NOTE PAYABLE or PURCHASING TREASURY STOCK AND ISSUING A NOTE PAYABLE). All three signs are (FAVORABLE or UNFAVORABLE)." The options are capitalized in parenthesis!

Data Table Nyman Travel Products, Inc. Income Statement Year Ended December 31, 2016 Revenues: Service revenue $234,000 8,300 242,300 Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense 103,000 62,000 33,000 4,300 2,100 8,000 212,400 $29,900 Net income Print Done Data Table Nyman Travel Products, Inc. Income Statement Year Ended December 31, 2016 Revenues: Service revenue $234,000 8,300 242,300 Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense 103,000 62,000 33,000 4,300 2,100 8,000 212,400 $29,900 Net income Print Done