2. Evaluate the cash flow for this P17-4B GG's Coffee Ltd's accountants have assembled the following data for the year ender December 31, 2020 B D E 2019 Increasel (Decrease) Current assets UT AWN- 2020 $ 75,500 174,250 271,500 13,250 $ 56,750 155,500 212,500 10,250 5 Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Note payable (for inventory purchases) Accounts payable Income tax payable Accrued liabilities 6 Current liabilities 7 N 00 56,500 132,250 96,500 38,750 45,750 139,500 41,750 68,000 8 9 Transaction data for 2020: Acquisition of building Acquisition of land by issuing long-term note payable Acquisition of long-term investment.. Amortization expense Collection of loan Issuance of common shares for cash..... Stock dividends 90,750 $325,750 Issuance of long-term note payable to borrow cash $ 36,000 237,500 Loss on sale of equipment......... 16,750 Net income ........ 199,000 79,000 Payment of cash dividends......... 60,250 Repurchase and retirement of 71,750 common shares....... Retirement of bonds payable by 123,000 issuing common shares. 79,500 Sale of equipment for cash...... 145,000 85,750 157,500 Required 1. Prepare GG's Coffee Ltd.'s cash flow statement using the indirect method to report operating activities. Note any additional disclosures that are required. 2. Evaluate GG's Coffee Ltd.'s cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation