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The income statement and additional data of Bryan Travel Products, Inc., follow: Click the icon to view the income statement.) 6 (Click the icon to view the additional data.) Requirements 1. Prepare Bryan'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. Requirement 1. Prepare Bryan's statement of cash flows for the year ended December 31, 2018, using the indirect method. Start by completing the cash flows from operating activities. Then complete each section of the statement of cash flows, including the noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Bryan Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2018 Cash flows from operating activities: Data Table - X Adjustments to reconcile net income to net cash provided by used for operating activities: Bryan Travel Products, Inc. Income Statement Year Ended December 31, 2018 $ 237,000 8,800 $ 245,800 Net cash provided by (used for) operating activities Cash flows from investing activities: Revenues: Service revenue Dividend revenue Expenses: Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense 99,000 54,000 33.000 4,300 2,300 8.000 $ Net cash provided by (used for) investing activities Cash flows from financing activities: 200.600 45,200 Net income Net cash provided by used for) financing activities Print Done Net increase (decrease) in cash Cash balance, December 31, 2017 Cash balance, December 31, 2018 Noncash investing and financing activities: Requirement 2. Evaluate Bryan's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation. are the main source of cash. The company invested in new assets 7. The Bryan's cash flows look financing transactions included All of these signs are More Info - X Additional data: a. Acquisition of plant assets was $ 193,000. Of this amount, $140,000 was paid in cash and S53,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $48,000. c. Proceeds from the issuance of common stock totaled $36.000 d. Payment of a long-term note payable was $15,000. e. Payment of dividends was $12,000. f. From the balance sheets: December 31, 2018 2017 Current assets: $ Cash Accounts receivable Inventory Prepaid expenses 125,000 45,000 50,000 9,400 4,200 60,000 73,000 8,000 Current liabilities: Accounts payable Accrued liabilities $ $ 39,000 99,000 25,000 24,000 Print Done

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