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

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The income statement and additional data of Bryan Travel Products, Inc., follow: (Click the icon to view the income statement) (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: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities 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 Cash balance, December 31, 2017 Cash balance, December 31, 2018 Noncash investing and financing activities: iMore Info Additional data: a. Acquisition of plant assets was $193,000. Of this amount, $140,000 was paid in cash and $53,000 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: Current assets: Cash Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities. Print 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. Bryan's cash flows look ▼ are the main source of cash. The company invested in new assets financing transactions included S S December 31, 2018 125,000 S 45,000 50,000 9,400 Done 2017 4,200 60,000 73,000 8,000 Data Table 39,000 S 25,000 99,000 24,000 Bryan Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue Dividend revenue Expenses: X Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense Net income All of these signs are $ 237,000 8.800 Print Done 99,000 54.000 33.000 4,300 2,300 8.000 - X $ 245,800 200,600 $ 45.200 The The income statement and additional data of Bryan Travel Products, Inc., follow: (Click the icon to view the income statement) (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: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities 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 Cash balance, December 31, 2017 Cash balance, December 31, 2018 Noncash investing and financing activities: iMore Info Additional data: a. Acquisition of plant assets was $193,000. Of this amount, $140,000 was paid in cash and $53,000 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: Current assets: Cash Accounts receivable Inventory Prepaid expenses Current liabilities: Accounts payable Accrued liabilities. Print 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. Bryan's cash flows look ▼ are the main source of cash. The company invested in new assets financing transactions included S S December 31, 2018 125,000 S 45,000 50,000 9,400 Done 2017 4,200 60,000 73,000 8,000 Data Table 39,000 S 25,000 99,000 24,000 Bryan Travel Products, Inc. Income Statement Year Ended December 31, 2018 Revenues: Service revenue Dividend revenue Expenses: X Cost of goods sold Salary expense Depreciation expense Advertising expense Interest expense Income tax expense Net income All of these signs are $ 237,000 8.800 Print Done 99,000 54.000 33.000 4,300 2,300 8.000 - X $ 245,800 200,600 $ 45.200 The

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To prepare Bryan Travel Products Incs statement of cash flows for the year ended December 31 2018 using the indirect method we need to analyze the pro... View the full answer