complete all parts

The income statement and additional data of Great Life, Inc., follow: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Read the requirements. Requirement 1. Prepare Great Life's statement of cash flows and accompanying schedulo of noncash investing and finanoing activities. Report operating activities using the direct mothod. Start by completing the cash flows from operating activies. Then complote the rest of the statement of cash fows and accompanying schedule of noncash investing and frnancing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) The income statement and additional data of Great Life, Inc., follow: (Cick the loon to vlew the income statement.) (.) (Click the icon to Vew the additional data.) Read the reauirements The income state (Click the ico Read the require Requirement 1. esting and financing activities. Repo the direct method Start by completir sh flows and accompanying schedule financing activitie in cash.) The income state (Click the ico Read the require Requirement 1. esting and financing activities. Repo the direct method Start by completir sh flows and accompanying schedul financing activitie in cash.) Additional data: a. Collections from customers are $14,500 more than sales. b. Payments to suppliers are $2,400 more than the sum of cost of goods sold plus advertising expense. c. Payments to employees are $1,800 less than salary expense. d. Dividend revenue, interest expense, and income tax expense equal their cash amounts. e. Acquisition of plant assets is $197,000. Or this amount, $143,000 is paid in cash and $54,000 is financed by signing a long-term note payable. f. Proceeds from the sale of land totaled $24,000. 9. Proceeds from the issunnce of common stock totaled $78,000. h. Payment of a long-term note payable is $20,000. i. Payment of dividends is $7,900. J. Cash balance, September 30,2020 , was $42,000. Requirements 1. Prepare Great Life's statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method. 2. 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. and accompanying schedule of n