P11-60A. (Learning Objectives 2, 3: Prepare the statement of cash flows-indirect method) The comparative balance sheets of Bedford Movie Theater Company at November 30, 2018, and 2017, reported the following: LO 2,3 November 30 2018 2 2017 Current assets and cash equivalents 13,600 14,400 63,700 15,500 21,600 60,700 8,000 5 Accounts receivable 6 Inventories epaid expenses 8 Current liabilities: 9 10 Accrued liabilities 1 Income tax payable 12 57,600 $56,100 26,800 10,600 counts paya 46,800 6,600 Bedford's transactions during the year ended November 30, 2018, included Acquisition of land Proceeds from sale of long- by issuing note payable . $96,000 7,000 25,000 .. $16,300 15,300 tion expense De Payment of cash dividend. Cash purchase of preciation expense Cash purchase of building Net inc Issuance of common 11,000 quipment Issuance of long-term note stock for cash 13,000 17,000 payable to borrow cash .... 41,000 Stock di Requirements 1. Prepare Bedford Movie Theater 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