LO 2,3P11-69B. (Learning Objectives 2, 3: Prepare the statement of cash flows-indirect method) The comparative balance sheets of Shaw Movie Theater Company at June 30, 2018 and 2017, reported the following: A1 une 30 2 2018 2017 Current assets 4 Cash and cash equivalents 5 Accounts receivable 6 Inventories 7 Prepaid expenses 8 Current liabilities: 9 0 Accrued liabilities 11 Income tax payable 12 3,600 15,000 22,000 60,300 4,000 63,400 3,700 58,10056,200 16,900 10,700 ounts paya 23,900 9,600 Shaw's transactions during the year ended June 30, 2018, included the following: Acquisition of land Proceeds from sale of long- by issuing note payable.. Amortization expense... Payment of cash dividend Cash purchase of $96,000 25,000 79,000 12,300 15,000 52,000 44,000 9,000 Depreciation expense Cash purchase of building Net income Issuance of common equipment Issuance of long-term note ayable to borrow cash. stock for cash Stock dividend 9,000 15,000 43,000 Requirements 1. Prepare Shaw Movie Theater Company's statement of cash flows for the year ended June 30, 2018, using the indirect method to report cash flows from operating activities Report noncash investing and financing activities in an accompanying schedule. 2. Evaluate Shaw's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation