The income statement and additional data of Pasoo Services, Inc, follow EB (Click the loon to view the income statement.) Click the loon to view the additional data.) Read the requirements. Requirement 1. Prepare Pasco Services statoment of cash flows for the year ended October 30, 2018, using the indirect method. Complete the statement one section at a time; beginning with the cash flows from operating activitios. (Use parentheses or a minus sign for numbers to be Pasco Services, Ine Statement of Cash Flows Year Ended October 30, 2018 Cash flows from operating activities: Net income Adjustments to recondile net income to net cash provided by operating activiies: Phot Choose from any list or enter any number in the input fields and then continue to the next question. The income statement and additional data of Pasco Services, Inc., follow EB (Click the loon to view the income statement)(Click the icon to view the additional data.) Read the requirements. Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Phot Choose from any list or enter any number in the input fields and then continue to the next question. Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash during the year Cash balance, October 30, 2017 Cash balance, October 30, 2018 Requirement 2. Calculate Pasco Services free cash flow for the year ended October 30, 2018. Choose from any list or enter any number in the input fields and then continue to the next question. Cash balance, October 30, 2018 Requirement 2. Calculate Pasco Services' free cash flow for the year ended October 30, 2018 Pasco Services' free cash flow for the year ended October 30, 2018 is $ Requirement 3. Evaluate Pasco Services' cash fows for the year. In your evaluation, mention all three categories of cash flows as well as free cash flow and give the reason for your evaluation Paco Services operations provided net cash ows o The maiontly f the cash fow coeme fom a it hould a sucenhu company The Pasco Services' operations provided net cash flows of and the net cash nancing V investing activities is a good indication that the company is activities of indicates that the company V have free cash available The free cash flow indicates that the company Phot Choose from any list or enter any number in the input fields and then continue to the next question. More Info Additional data: a. Acquisition of fixed assets totaled $105,000. Of this amount, $70,000 was paid in cash; a $35,000 note payable was signed for the remainder. b.. Proceeds from the sale of land totaled $28,000. No gain or loss was recognized on the sale. c. Proceeds from issuance of common stock totaled $60,000. d. Payment of long-term note payable was $16,000. e. Payment of dividends was $12,000. f. Data from the comparative balance sheet follow: 2018 2017 October 30 Current ssets: Cash . Accounts receivable Inventory . .92,000 Current Liabilities: Accounts payable ..36,000 S 25,000 Accrued liabilities well as free ....83,000 $ 18,000 55,000 81,000 .46,000 ld in a succe e net cash cti at 12,000 26,000 ca Print Done atai Data Table Income Statement Year Ended October 30, 2018 inan Revenues: ing Sales revenue $ 258,000 7,000 Dividend revenue Total revenues 265,000 ices Expenses Cost of goods sold Salaries expense Depreciation expense Advertising expense Interest expense Income tax expense 107,000 55,000 26,000 13,000 6,000 4,000 yea ices ws as we should i et c ities he co and the n 211,000 Total expenses $ 54,000 Net income s tha umbe Print Done