More Info Data Table June 30, 2018 2017 Acquisition of land by issuing note payable Amortization expense Payment of cash dividend Cash purchase of equipment Iwon of long-term note payable to borrow cash $ Proceeds from sale of long- $ 113,000 term investment 4,300 Depreciation expense 31,000 Cash purchase of building Net Income 78.400 Issuance of common stock for cash 49,000 Stock dividend $ 15,900 15,700 41,000 58,000 Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable 38,700 $ 14,200 63,300 3,300 17,200 21,800 60.300 2,400 14,000 7,000 $ Print Done 58,100 $ 27,500 9,600 55,700 17.500 10.700 Requirements - Print Done 1. Prepare Moynihan 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 Moynihan's cash flows for the year, Mention all three categories of cash flows, and give the rationale for your evaluation Print Done Choc destioni The comparative balance sheets of Moynihan Movie Theater Company at June 30, 2018 and 2017, reported the following: Click the loon to view the balance sheets.) Moynihan's transactions during the year ended June 30,2018, included: Click the icon to view the transaction data) Read the requirements Requirement 1. Prepare Maynihan 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. 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 tion for numbers to be subtracted and for ra net decrease in cash.) Moynihan Movie Theater Company Statement of Cash Flows (Indirect Method) Year Ended June 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 Start by compleung financing activities. (Use parentheses or a minus sign for numbers to b Moynihan Movie Theater Company Statement of Cash Flows (Indirect Met Year Ended June 30, 2018 Cash flows from operating activities: Amortization expense Decrease in accounts receivable Decrease in income tax payable Depreciation expense Increase in accounts payable Increase in accrued liabilities Increase in inventories Increase in prepaid expenses Issuance of common stock Issuance of long-term note payable Net income Payment of cash dividends Purchase of building Purchase of equipment Sale of long-term investment Choose from any list or enter any number in the input fields and t LLLL LLLL 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 Munihan' Requirement 2. Evaluate Moynihan's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation Moynihan Movie Theater Company's cash flows look are the main source of cash 7 for the Moynihan Movie Theater generated a cash flow from investing activities largely due to the of equipment and a building. It generally bodes future when a company Invests in new capital assets. Moynihan Movie Theater generated a V cash flow from financing activities. These financing activities indicate that the Moynihan Movie Theater credit -worthy to be able to issue long-term notes. We also see that the company has funds to pay cash dividends. Choose from any list or enter any number in the input fields and then continue to the next question. civities: sh flows for the year. Mention all three ca h flows look II cas! sting activitie strong apital assets. weak cast. -... ...cing activitie -m notes. We also see that the company ha aber in the input fields and then continu ar. Mention all three categories of cash V are the main front ue to Financing activities from Investing activities Operating activities inancir see the elds and then continue to the next qu i cash flows, and give the rationale for ya e main source of cash. due to the V of equipment and a se financing a purchase at the Moynih func sale lends. the next question. t generally bodes V for the e Theater poorly well e categories of cash flows, and give th Vare the main source of cash. ctivities largely due to the 01 ctivities. These financing activities indica Dany has V funds to pay cash continue t insufficient sufficient generally bodes 7 for the Theater is considered is not considered