Putt of 5 O Points Save The income statement and additional data of Four Season Ltd follow Click the icon to view the income statement) Requirements (Click the icon to view the additional data) 1. Prepare Four Season, Inc.'s statement of cash flows and accompanying schedule of non-cash investing and financing activities. Report operating acties by the dream 2. Evaluate Four Season's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the reason for your evaluation Requirement 1. Prepare Four Season Ltd.'s, statement of cash flows and accompanying schedule of non-cash investing and financing activities Report operating activities Start by completing the cash flows from operating activities. Then, complete the rest of the statement of cash flows and accompanying schedule of non-cash investing and financing w be subtracted, for payments, and for a net decrease in cash.) Four Season, Ltd. Statement of Cash Flows (Direct Method) Year Ended March 31, 2020 Cash flows from operating activities:: Receipts Total cash receipts Payments Total cash payments Net cash provided by (used for) operating activities (Use Income Statement Four Season, Ltd. Income Statement Year Ended March 30, 2020 Revenues: Sales revenue $ 235,000 Dividend revenue 14,600 $ 249,600 Expenses: Cost of goods sold 106,000 Salary expense 46,500 Depreciation expense 29,100 Advertising expense 10,900 Interest expense 1,700 8,250 Income tax expense 202,450 $ 47,150 Net income Additional data Additional data: a. Collections from customers are $30,100 more than sales. b. Payments to suppliers are $1,100 less than the sum of cost of goods sold plus advertising expense. c. Payments to employees are $1,400 less than salary expense. d. Dividend revenue, interest expense, and income tax expense equal their cash amounts. e. Acquisition of plant assets is $150,000. Of this amount, $102,000 is paid in cash and $48,000 by signing a long-term note payable. f. Proceeds from sale of land total $27,000. g. Proceeds from issuance of common shares total $29,700. h. Payment of a long-term note payable is $14,800. i. Payment of dividends is $8,000. j. Cash balance March 31, 2019, was $19,600.