Data Table November 30 2018 2017 Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses $ 8,500 $ 13,000 22,200 60,900 9,000 14,200 63,500 3,700 Current liabilities Accounts payable Accrued liabilities Income tax payable S 57,100 $ 55,900 17,500 10,200 3,500 6,200 PrintDone 6 More Info Acquisition of land Proceeds from sale of long- by issuing note payable Amortization expense Payment of cash dividend Cash purchase of S 14,100 16,100 41,000 54,000 109,000 investment 4,400 Depreciation expense Cash purchase of building Net income Issuance of common 32,000 equipment 79,000 Issuance of long-term note payable to borrow cash stock for cash 16,000 49,000 Stock dividend 15,000 PrintDone Requirement 1. Prepare Shaw MovieTheater Company's statement of cash flows for the year ended November 30, 2018, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule Start by completing the cash flows from operating activities. Then complete the remaining statement of cash flows and the accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Shaw Movie Theater Company Statement of Cash Flows (Indirect Method) Year Ended November 30, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Requirement 2. Evaluate Shaw's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. strong Shaw MovieTheater Company's cash flows look Shaw MovieTheater generated a shaw Movie Theater Company's cash ows look weak I I are the main source of cash. | cash flow from investing activities largely due to the | of equipment and a building. It generally bodes - purchase for the future when a company invests in new capital assets. sale Shaw MovieTheater generated a | cash flow from financing activities. These financing activities indicate that the Shaw MovieTheater credit- worthy to be able to sue long term notes We also see that the company hastunds to pay funds to pay cash dividends negative Financing activities Investing activities Operating activities poorlyls considered insufficient positive is not considered well sufficient