Data from the comparative balance sheet of Karev Building Materials, Inc. at July 31, 2018, follow Karev Building Materials, Inc's transactions during the year ended July 31, 2018, included EB (Click the icon to view the transactions ) Read the tequirements EEB (Click the icon to view the comparative balance sheet) Year Ended March 31, 2018 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities ols Data from the comparative balance sheet q 31, 2018, follow ons during the year ended July 31, 2018, Comparative Balance Sheet EEB (Click the icon to view the comparative ns.) July 31 Current Assets: Cash and cash equivalents Accounts receivable Inventory Current Liabilities: Accounts payable Accrued liabilties income tax payable Yea 2018 2017 Cash flows from operating activities: S 10.200 S 4.000 14.400 21.200 54,40053.000 Net income Adjustments to reconcile net income provided by operating activities s 29500 S 28500 14400 16,90 8.100 4.500 hoose from any list or enter any numbe Print Done Transactions S 16,900 Payment of cash dividend Purchase of equipment for cash... Issuance of long-term note 33,500 Depreciation expense 78,500 Purchase of building for cash S 47.700 75,000| | > 14.500 Net income payable in exchange for cash 52,000 Issuance of common stock Print Done Requirements 1. Prepare Karev Building Materials, Inc's statement of cash flows for the year ended July 31, 2018, using the indirect method to report cash flows from operating activities 2. Evaluate Karev Building Materials, Inc 's cash flows for the year Mention all three categories of cash flows and give the reason(s) for your evaluation. Print Done