P17-6A The comparative balance sheet of Fortis Software Co. at December 31, 20X5, reporu'ii the following: December 31, 20X5 20X4 Current assets: Accounts Cash and cash receivable equivalents Current Inventories Prepaid liabilities: expenses Notes payable (for inventory purchases) Accounts Accrued liabilities payable 510,600 515,500 28,600 29,300 51,600 53,000 4,200 3,700 $ 9,200 5 -0- 21,900 28,000 11,000 16,800 Fortis's transactions during 20X5 included the following: Amortization expense 5 5,000 Payment of cash dividends 17,000 Cash acquisition of equipment 55,000 Issuance of long-term note payable to borrow cash 32,000 Retirement of bonds payable by issuing common stock 55,000 Cash acquisition of building 5124,000 Net income 28,600 Insurance of common stock for cash 105,600 Stock dividend 13,000 Sale of long-term investment 6,000 Depreciation expense 15,000 Required 1. Prepare the statement of cash flows of Fortis Software for the year ended December 31, 20X5. Use the indirect method to report cash flows from operating activities. Report non- cash investing and financing activities in an accompanying schedule. 2. Evaluate Fortis Software's cash flows for the year. Mention all three categories of cash