1 Current accounts .X March 31, 2020 2019 Current assets: Cash and cash equivalents ... $ 12,000 $ 17,000 Accounts receivable 14,000 22,300 Inventories 63,700 60,700 3,600 1,500 Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable 58,200 55,700 14,100 17,500 14,900 10,400 Transaction data Sale of long-term investment $ 13,500 15,100 $ 106,000 Depreciation expense.. 26,000 Cash purchase of building 46,000 Acquisition of land by issuing note payable Payment of cash dividend Cash purchase of equipment Issuance of long-term note payable to borrow cash 78,400 Net income 51,000 Issuance of common shares for cash 11,000 48,000 Share dividend 18,000 Decrease in accounts receivable Increase in inventories Increase in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income tax payable Net cash provided by operating activities Cash flows from investing activities: Purchase of equipment Purchase of building Sale of long-term investment Net cash used for investing activities Cash flows from financing activities: Cash flows from financing activities: Issuance of long-term note payable Issuance of common shares Payment of cash dividends Net cash provided by financing activities Net increase (decrease) in cash Cash balance, March 31, 2019 Cash balance, March 31, 2020 Non-cash investing and financing activities: Acquisition of land by issuing note payable Requirement 2. Evaluate High's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. High Movie's cash flow looks Operations The company is appears reasonable. The financing