E12-20A The income statement and additional data of Newton Travel Products, Inc., follow:
Requirements
1. Prepare Newton Travel Products ' s statement of cash flows for the year ended December 31, 2014, using the indirect method. 2. Evaluate Noel ' cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation.
Requirement 1. Prepare Newton ' s statement of cash flows for the year ended December 31, 2014, 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.(
Newton Travel Products, Inc.
Income Statement
Year Ended December 31, 2014
Requirement 2. Evaluate Newton ' s cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation. Newton ' s. =================================================