The income statement and additional data of Breen Travel Products, Inc., follow (Click the icon to...

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The income statement and additional data of Breen Travel Products, Inc., follow (Click the icon to view the income statement) ( (Click the icon to view the additional data) Requirements 1. Prepare Breen's statement of cash flows for the year ended December 31, 2021, 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 Breen's statement of cash flows for the year ended December 31, 2021, using the indirect method Start by completing the cash flows from operating activites 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) Breen Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Data table Breen Travel Products, Inc. Income Statement Year Ended December 31, 2021 Revenues: Service revenue $ 237,000 Dividend revenue 8,600 $ 245,600 Expenses: Cost of goods sold 102,000 Salary expense 63,000 Depreciation expense 36,000 Advertising expense 4,400 Interest expense 2,600 9,000 217,000 Income tax expense $ 28,600 Net income Print Done - The income statement and additional data of Breen Travel Products, Inc., follow (Click the icon to view the income statement) ( (Click the icon to view the additional data) Requirements 1. Prepare Breen's statement of cash flows for the year ended December 31, 2021, 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 Breen's statement of cash flows for the year ended December 31, 2021, using the indirect method Start by completing the cash flows from operating activites 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) Breen Travel Products, Inc. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Data table Breen Travel Products, Inc. Income Statement Year Ended December 31, 2021 Revenues: Service revenue $ 237,000 Dividend revenue 8,600 $ 245,600 Expenses: Cost of goods sold 102,000 Salary expense 63,000 Depreciation expense 36,000 Advertising expense 4,400 Interest expense 2,600 9,000 217,000 Income tax expense $ 28,600 Net income Print Done -