The Statement of Cash Flows Prepare the statement of cash flows - indirect method The income statement and additional data of Barnaby Travel Products, Inc., follow: Barnaby Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues $ 236,000 Service revenue Dividend revenue 8,500 244,500 Expenses Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense 96,000 60,000 28,000 4,700 2,800 14,000 205,500 39,000 Net income Additional data of Barnaby Travel Products, Inc., is given below: Acquisition of plant assets: 104,000 52,000 156,000 Paid in cash Signing a note payable Total Proceeds from the sale of land Proceeds from the issuance of common stock Payment of a long-term note payable Payment of dividends 39,000 31,000 16,000 8,000 From the balance sheet: December 31, 2017 2018 Current assets: 170,000 $ 47,000 30,000 9,000 33,200 63,000 72,000 8,800 Cash Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities 34,000 S 90,000 19,000 35,000 Use the blue shaded areas on the ENTERANSWERS tab for inputs Always use cell references and formulas where appropriate to receive full credit. If you copy/ paste from the Instruction tab you will be marked wrong Requirement Prepare Barnaby's statement of cash flows for the year ended December 31, 2018, using the indirect method Enter cash inflows as positive values and cash outflows as negative values Check your spelling carefully and do not abbreviate a. b. Prepare Barnaby's statement of cash flows for the year ended December 31, 2018, using the indirect method. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.) Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities Net cash provided by operating activities Cash flows from investing activities: Net cash used for investing activities Cash flows from financing activities: Net cash provided by financing activities Net increase (decrease) in cash Cash balance at December 31, 2017 Cash balance at December 31, 2018 Barnaby Travel Products, Inc. Statement of Cash Flows (ndirect Method) For the Year Ended December 31, 2018 December 31, 2018 False True Healthy Unhealthy