TOR (Similar to) of 77 completo) The income statement and additional data of Noel Travel Products, Inc., follow (Click the icon to view the income statement.) (Click the icon to view the additional data) Requirements 1. Prepare Noel'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 Cash flows from financing activities: Proceeds from issuance of common stock Payment of long-term note payable Payment of dividends $ 29,000 (12,000) (14,000) Net cash provided by (used for) financing activities Not increase (decrease) in cash 3,000 8700 Cash balance, December 31, 2017 14.400 30,000 Cash balance, December 31, 2018 Noncash investing and financing activities: Choose from any list or enter any number in the input fields and then click Check Answer Part Clear All remaining Data Table Noel Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue $ 279,000 9,000 $ 288,000 Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense 101,000 62,000 33,000 2,000 3,300 11,000 $ Interest expense Income tax expense 212,300 75,700 Med nd Print Done were rouve a long-term note payable was $12,000. f dividends was $14,000. balance sheets: December 31, 2018 2017 Current assets: Cash Accounts receivable $ 30,000 47,000 94,000 10,000 14,400 59,000 90,000 8,900 Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities $ $ 38,000 36,000 27,000 82,000 Print Done E11-19A (similar to) The income statement and additional data of Noel Travel Products, Inc., follow (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Noel'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 Year Ended December 31, 2018 Cash flows from operating activities: Net income $ 75,700 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation 33,000 Decrease in accounts receivable 12,000 Increase in inventory Increase in prepaid expenses (1.100) Increase in accounts payable 11,000 (46,000) Decrease in accrued liabilities (4,000) Choose from any list or enter any number in the input fields and then click Check Answer Clear All part 1 remaining BE11-19A (similar to) 4 of 7 (7 complete) The income statement and additional data of Noel Travel Products, Inc., follow (Click the icon to view the income statement.) Click the icon to view the additional data) Requirements 1. Prepare Noel'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 nationale for your evaluation 80,600 (102.000) Net cash provided by used for) operating activities Cash flows from investing activities: Acquisition of plant assets Proceeds from sale of land Net cash provided by used for investing activities Cash flows from financing activities: Proceeds from issuance of common stock Payment of long-term not payable 34.000 (68,000) 29 000 Payment of dividends (12.000) (14000 Net cash provided by used for) financing activities Net increase decrease in cash 3,000 8700 Choose from any list or enter any number in the input fields and then click Check Answer part remaining The income statement and additional data of Noel Travel Products, Inc., follow BH (Click the icon to view the income statement.) (Click the icon to view the additional data.) Requirements 1. Prepare Noel'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 Cash flows from financing activities: Proceeds from issuance of common stock Payment of long-term note payable Payment of dividends 29,000 (12,000) (14,000) 3.000 8700 Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash balance, December 31, 2017 14,400 30.000 Cash balance, December 31, 2018 Noncash investing and financing activities: Choose from any list or enter any number in the input fields and then click Check Answer Clear All - par 1 remaining