Question: Data table Data table More info Additional data: a. Acquisition of plant assets was $190,000. Of this amount, $160,000 was paid in cash and $30,000







Data table Data table More info Additional data: a. Acquisition of plant assets was $190,000. Of this amount, $160,000 was paid in cash and $30,000 was financed by signing a note payable. b. Proceeds from the sale of land totaled $110,000. c. Proceeds from the issuance of common stock totaled $28,000. d. Payment of a long-term note payable was $14,000. e. Payment of dividends was $10,000. f. From the balance sheets: More info The income statement and additional data of Stoughton Travel Products, Inc., follow: (Click the icon to view the income statement.) Click the icon to view the additional data.) Requirements 1. Prepare Stoughton'sstatement 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 Stoughton's statement of cash flows for the year ended December 31, 2021, 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.) Stoughton Travel Products, Inc. The income statement and additional data of Stoughton Travel Products, Inc., follow: The income statement and additional data of Stoughton Travel Products, Inc., follow: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Data table
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