PLEASE PLEASE HELP e income statement and additional data of Newton Travel Products, Inc., follow:

$($Click the icon to view the income statement.$)$

$($Click the icon to view the additional data.$)$

Requirements

Prepare Newton's statement of cash flows for the year ended December $31,2021,$ using the indirect method.

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 Newton's statement of cash flows for the year ended December $31,2021,$ using the indirect method.

Newton Travel Products, Inc.

Statement of Cash Flows $($Indirect Method$)$

Year Ended December $31,2021$

Cash flows from operating activities:

Payment of dividends

Adjustments to reconcile net income to

net cash provided by $($used for$)$ operating activites:

$$

$$

$$

$$

$$

$$

$$

$$

Net cash provided by $($used for$)$ operating activities

Net cash provided by $($used for$)$ operating activities

December $31,$

$\backslash$table$[[,,2021,,2020],[$Current assets:$],[$Cash$,$$$,125,000,$$$,84,300],[$Accounts receivable,,$42,000,,60,000],[$Inventory$,,96,000,,91,000],[$Prepaid expenses,,$9,200,,8,400],[$Current liabilities:$],[$Accounts payable,$$,40,000,$$$,23,000],[$Accrued liabilities,,$18,000,,79,000]]$

Data table

Newton Travel Products, Inc.

Income Statement

Year Ended December $31,2021$

Revenues:

Service revenue

Dividend revenue

$

$280,000$

$9,000$

$ $289,000$

Expenses:

$\backslash$table$[[$Cost of goods sold,$95,000,],[$Salary expense,$55,000,],[$Depreciation expense,$39,000,],[$Advertising expense,$4,200,],[$Interest expense,$3,300,],[$Income tax expense,$15,000,211,50C$